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					</table><p>Union Minister for New and Renewable Energy (<a href="https://mnre.gov.in/" target="_blank" rel="noopener">MNRE</a>) Pralhad Joshi has emphasized the importance of India developing a circular economy for clean energy technologies during his address at the <a href="https://mercomindia.com/event/mercom-india-renewables-summit-2026" target="_blank" rel="noopener">Mercom India Renewables Summit 2026</a>.</p>
<p>He said solar modules, batteries, and other clean energy components must be designed for reuse and recycling.</p>
<p>The Minister suggested that Mercom India introduce a Renewable Circular Economy Award to recognize organizations working in solar module recycling, battery recycling, circular manufacturing, and resource recovery.</p>
<p>Joshi also proposed developing a Renewable Readiness Index to benchmark states and distribution companies based on renewable integration, rooftop solar adoption, metering efficiency, grid readiness, and distribution infrastructure.</p>
<p>He also called for stronger distribution networks and suggested recognizing high-performing DISCOMs and districts that effectively integrate renewable energy.</p>
<p>Highlighting India’s rapid progress in renewable energy deployment and manufacturing amid increasing infusion of investment, he said there must be stronger focus on quality, energy storage, wind repowering, and a circular economy.</p>
<p>Joshi said India has emerged as the world’s third-largest renewable energy market by installed capacity, <a href="https://www.mercomindia.com/india-tops-brazil-to-rank-3rd-in-renewable-energy-capacity-globally" target="_blank" rel="noopener">surpassing</a> several major economies, including Brazil and Germany. He noted that the country added 37 GW of solar capacity in 2025, making it the second-largest solar growth market globally, ahead of the U.S. in annual solar additions.</p>
<p>He said the investment momentum has also accelerated significantly, with renewable energy deal values increasing from $378 million in 2024 to $2 billion in 2025, positioning India among the world’s most attractive clean energy investment destinations.</p>
<p>India&#8217;s renewable energy sector also attracted $23 billion in foreign investment between April 2022 and June 2025, supported by competitive deployment costs, expanding domestic manufacturing, stable policy support, and improved access to financing.</p>
<p><strong>Share of Renewables Grows </strong></p>
<p>Joshi said renewable electricity generation increased by nearly 24% in 2025, while electricity generation from coal and natural gas declined by 3.7% year-over-year to 1,230.19 TWh.</p>
<p>He noted that the rising share of renewables in the power mix demonstrates that economic growth, energy security, and clean energy expansion can progress together.</p>
<p>India’s non-fossil fuel capacity has increased to more than 290 GW, with solar alone accounting for 156 GW, and wind capacity comprising 56.4 GW.</p>
<p>Joshi noted the need to repower aging wind turbines to increase generation from existing wind sites. “I have asked stakeholders to study the issue and submit a report within a month. If policy changes are required, we are open to considering them.”</p>
<p>He highlighted that India is building a complete domestic renewable energy manufacturing ecosystem, reducing dependence on imports. “While many countries focus only on adding capacity, India has chosen a more sustainable path. We are building a complete renewable energy ecosystem within the country.”</p>
<p><strong>Rising Domestic Reliance</strong></p>
<p>The Minister also highlighted India&#8217;s manufacturing progress, noting that solar module manufacturing capacity has expanded to 200 GW, while solar cell manufacturing has reached 30 GW.</p>
<p>According to Joshi, imports of solar photovoltaic modules declined 54% to $994 million last year.</p>
<p>The Minister also spoke about the rapid progress in energy storage, with 94 battery energy storage system projects totaling approximately 30 GW/88 GWh are operational or nearing commissioning.</p>
<p>He noted that the Central Electricity Authority estimates India will require approximately 60 GWh of storage capacity by 2030, making storage one of the country&#8217;s highest infrastructure priorities.</p>
<p>Joshi also emphasized that rapid deployment must be accompanied by stringent quality standards. He said the government is strengthening the Bureau of Indian Standards&#8217; requirements while implementing additional quality-control orders covering solar modules and batteries.</p>
<p>The growth of the renewable energy sector must be supported by a strong investment in research and development (R&amp;D). The Minister drew attention to the ongoing research by institutions such as the IITs and IISc on tandem solar cells, perovskites, and advanced battery technologies.</p>
<p>Joshi also commended Mercom India for introducing new awards recognizing R&amp;D, noting that the categories were added following his suggestion at last year’s Summit.</p>
<p>On grid planning, Joshi said Phase I of the national GIS mapping exercise across eight renewable-rich states has identified 345 GW of renewable energy potential for future grid integration, with subsequent phases already underway.</p>
<p>Discussing the National Green Hydrogen Mission, he said the ₹200 billion (~$2.11 billion) program aims to produce 5 million metric tons of green hydrogen and its derivatives annually by 2030 while accelerating domestic manufacturing and offtake agreements. India has already achieved a record-low price discovery for green hydrogen projects.</p>
<p>“India’s clean energy journey is about building a complete industrial ecosystem across manufacturing, innovation, storage, transmission, financing, skilled manpower, and global competitiveness. This is the foundation of Make in India and an energy-<em>atmanirbhar</em> (self-reliant) India.”</p>


Pralhad Joshi Calls for Promoting Circular Economy in Renewable Energy Sector


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					</table><p>The Ministry of New and Renewable Energy’s (MNRE) option, <a href="https://www.mercomindia.com/when-does-it-pay-to-give-up-pm-surya-ghar-subsidy">allowing</a> residential consumers to voluntarily forgo subsidies under the PM Surya Ghar Muft Bijli Yojana, could create a distinct market opportunity for larger rooftop solar installations. The “Give It Up” option allows consumers to install rooftop solar systems without claiming Central Financial Assistance.</p>
<p>The winners of the sixth Mercom India Awards 2026 will be <a href="https://www.mercomindia.com/mercom-india-awards-charting-the-future-of-clean-energy-and-innovation" target="_blank" rel="noopener">announced</a> during the Mercom India Renewables Summit 2026, and the awards will be presented by Union Minister for New and Renewable Energy Pralhad Joshi. For over a decade, Mercom India has chronicled India’s transition from conventional energy sources to a cleaner, more sustainable energy future through its market intelligence, research, news coverage, and advisory services.</p>
<p>As India <a href="https://www.mercomindia.com/indias-solar-manufacturing-push-shifts-focus-to-bos-and-bom-components" target="_blank" rel="noopener">expands</a> its solar manufacturing and deployment capabilities, attention is increasingly shifting toward establishing a fully self-reliant domestic supply chain that encompasses the bill of materials and balance-of-system components.</p>
<p>MNRE <a href="https://www.mercomindia.com/mnre-issues-sop-to-address-vendor-violations-under-pm-surya-ghar" target="_blank" rel="noopener">issued</a> a standard operating procedure to address consumer complaints and violations by registered vendors under the PM Surya Ghar: Muft Bijli Yojana. The program is being implemented nationwide through distribution companies, electricity departments, and state-level implementing agencies.</p>
<p>The Uttar Pradesh Electricity Regulatory Commission (UPERC) <a href="https://www.mercomindia.com/uttar-pradesh-regulator-terms-gst-cut-on-solar-equipment-as-change-in-law" target="_blank" rel="noopener">declared</a> the reduction in the Goods and Services Tax rate on procurement of renewable energy devices and parts, from 12% to 5%, as a ‘Change in Law’ event under the power purchase agreements for the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan Component-C2 solar projects.</p>
<p>UPERC <a href="https://www.mercomindia.com/uperc-allows-banking-for-captive-solar-consumers-despite-missed-deadline" target="_blank" rel="noopener">directed</a> the Uttar Pradesh Power Corporation to execute fresh wheeling and banking agreements for 13 captive users by June 30, 2026, without requiring a prior reduction in open access or in the long-term open access quantum.</p>
<p>The Delhi Electricity Regulatory Commission <a href="https://www.mercomindia.com/delhi-regulator-directs-discom-to-tender-195-mwh-battery-storage-project" target="_blank" rel="noopener">approved</a> BSES Rajdhani Power’s petition to issue a tender for a 195 MWh battery energy storage system at the 66/11 kV Harinagar, Sagarpur, Delhi Transco Pappankala 2, Bindapur, and G4 Dwarka grid substations.</p>
<p>For the first time, the government has begun <a href="https://www.mercomindia.com/indias-iip-revamp-reflects-mainstreaming-of-renewable-energy" target="_blank" rel="noopener">tracking</a> electricity generation from renewable sources by including it in the Index of Industrial Production (IIP), a key macroeconomic metric used by policymakers while framing industrial policies. The inclusion of renewable energy as a distinct component in the revised IIP series indicates the mainstreaming of clean energy within India’s economic environment.</p>
<p>Yash Highvoltage, a manufacturer of transformer bushings for the power generation, transmission, and distribution sectors, <a href="https://www.mercomindia.com/yash-highvoltage-to-raise-%E2%82%B91-51-billion-preferential-share-issue" target="_blank" rel="noopener">approved</a> a preferential issue of equity shares and convertible warrants worth approximately ₹1.51 billion (~$16 million). The company’s board approved the issuance of up to 1,262,131 equity shares and 832,177 convertible warrants at an issue price of ₹721 (~$7.62) per security. Each warrant will be convertible into one equity share.</p>
<p>The Solar Energy Corporation of India <a href="https://www.mercomindia.com/seci-floats-bos-tender-for-70-mw-solar-plus-50-mwh-battery-storage-project" target="_blank" rel="noopener">invited</a> bids for the balance-of-system package for a 70 MW interstate transmission system-connected solar power project with a 25 MW/50 MWh battery energy storage system at Ramagiri in the Sri Sathya Sai district, Andhra Pradesh. The last date to submit bids is July 24, 2026. Bids will be opened on the same day.</p>
<p>NTPC Renewable Energy <a href="https://www.mercomindia.com/ntpc-rel-floats-epc-tender-for-600-mw-solar-projects-in-maharashtra" target="_blank" rel="noopener">invited</a> bids for the engineering, procurement, and construction package to develop 600 MW of grid-connected solar power projects in Dhule, Maharashtra. The project will comprise two blocks of 300 MW each. Bidders may quote for either one block or both blocks.</p>
<p>Maharashtra-based rooftop solar engineering, procurement, and construction services provider Roofsol Energy <a href="https://www.mercomindia.com/roofsol-raises-%E2%82%B92-6-billion-from-aseem-infra-to-expand-ci-solar-portfolio" target="_blank" rel="noopener">secured</a> ₹2.6 billion (~$27.55 million) in funding from Aseem Infrastructure Finance to support the development of solar projects in India.</p>
<p>Germany-based solar cell manufacturing equipment supplier RENA Technologies <a href="https://www.mercomindia.com/rena-secures-6-gw-solar-cell-manufacturing-equipment-order-from-emmvee">signed</a> a contract with Emmvee Energy to supply solar cell production equipment with a total manufacturing capacity of 6 GW. The order will support the production of Emmvee’s tunnel-oxide-passivated-contact solar cells.</p>
<p>In 2025, a <a href="https://www.mercomindia.com/solar-market-hits-record-664-gw-globally-in-2025-amid-fears-of-slow-growth" target="_blank" rel="noopener">record</a> 664 GW of new solar capacity was installed globally, taking the total operating capacity worldwide to about 2.9 TW, according to SolarPower Europe’s Global Solar Market Outlook 2026-2030. The report stated that solar generated 2,778 TWh of power and supplied around 9% of global electricity.</p>
<p>The World Trade Organization <a href="https://www.mercomindia.com/wto-dispute-panel-to-review-indias-tariffs-on-solar-cell-module-imports" target="_blank" rel="noopener">agreed</a> to establish a panel to review India’s import tariffs for solar cells and modules, which China says discriminate against its solar products. China said that its concerns over India’s measures remain unresolved despite bilateral consultations.</p>


Daily News Wrap-Up: ‘Give It Up’ Option May Boost Large-Scale Rooftop Solar


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					</table><p>The winners of the sixth <a href="https://www.mercomindia.com/awards/mercom-india-awards-2026" target="_blank" rel="noopener">Mercom India Awards 2026</a> will be announced during the Mercom India Renewables Summit 2026, and the awards will be presented by Union Minister for New and Renewable Energy Pralhad Joshi.</p>
<p>For over a decade, Mercom India has chronicled India&#8217;s transition from conventional energy sources to a cleaner, more sustainable energy future through its market intelligence, research, news coverage, and advisory services. Throughout this journey, the industry has witnessed remarkable innovation, ambitious projects, strategic investments, and technological advancements that have accelerated renewable energy adoption across the country.</p>
<p>The Mercom India Awards were established to recognize the companies, projects, technologies, and individuals driving this transformation. Today, the awards are among the industry&#8217;s most recognized platforms for celebrating achievements that are helping shape the future of clean energy in India.</p>
<p>The awards recognize excellence across utility-scale solar, commercial and industrial solar, residential solar, hybrid energy projects, energy storage, engineering, manufacturing, product innovation, and emerging clean energy technologies.</p>
<p>This year, Mercom has introduced three new categories to recognize innovation and research-driven advancements: <strong>Emerging Startup Technology of the Year</strong>, <strong>Research-to-Innovation</strong>, and <strong>Clean Energy Research Impact</strong>.</p>
<p>Awards will also be presented across several established categories, including <strong>Best Large-Scale Solar Project</strong>, <strong>Best C&amp;I Project (Rooftop)</strong>, <strong>Best C&amp;I Project (Ground-Mount)</strong>, <strong>Best Residential Project</strong>, <strong>Best Hybrid Project</strong>, <strong>Best Engineered Project</strong>, <strong>Best Innovation – Product</strong>, <strong>Best Energy Storage Project</strong>, <strong>Deal of the Year (Strategic)</strong>, and <strong>Deal of the Year (Financial)</strong>.</p>
<p>The winners will be announced on July 1, 2026, during the Mercom India Renewables Summit 2026. The awards ceremony will begin at 5:50 PM in the Oval Hall at the Hyatt Regency, New Delhi.</p>
<p>The <a href="https://www.mercomindia.com/event/mercom-india-renewables-summit-2026/agenda" target="_blank" rel="noopener">Mercom India Renewables Summit 2026</a> will bring together industry leaders, policymakers, investors, developers, manufacturers, and technology providers to discuss the opportunities and challenges shaping the next phase of India&#8217;s clean energy growth.</p>
<p>The two-day event will feature discussions on some of the sector&#8217;s most pressing issues, including regulatory uncertainty, project execution challenges, transmission and grid readiness, financing, technology deployment, domestic manufacturing, and supply chain development.</p>
<p>For the first time, the Summit will also feature dedicated <a href="https://www.mercomindia.com/event/mercom-india-renewables-summit-2026/workshop-register" target="_blank" rel="noopener">workshops</a> and focused discussions addressing practical challenges in manufacturing, workforce development, and project procurement.</p>
<p>Together, the Summit and Awards program will provide a platform to recognize industry achievements, showcase innovation, and foster discussions that will help define the future direction of India&#8217;s clean energy sector.</p>


Mercom India Awards: Charting the Future of Clean Energy and Innovation

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