NHPC Issues Tender for 4.79 MW Rooftop Solar Projects in Manipur

REC Reports 29% Profit Growth with ₹44.51 Billion in Q1 FY 2026

MERC Allows Simultaneous Net Metering for Rooftop Solar and Open Access

India Must Step Up Solar Module Capacity to Meet Clean Energy Targets

UERC Upholds Cancellation of Projects Under the 200 MW Solar Program

Daily News Wrap-Up: ALMM Solar Cells Mandatory One Month After Listing

ACME Cleantech Wins SECI’s Auction to Supply 75,000 MT of Green Ammonia

NHPC Invites Bids for 1.2 GW Solar Projects in Uttar Pradesh

REMCL Issues RfS for Supply of 1 GW Round-the-Clock Renewable Power

Funding and M&A Roundup: CleanPeak Energy Raises $328 Million


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2025/07/amazon_polly_81365.mp3?version=1751349528">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>The Ministry of New and Renewable Energy <a href="https://www.mercomindia.com/mnre-introduces-iot-based-monitoring-of-data-under-biomass-energy-program" target="_blank" rel="noopener">revised</a> the guidelines for the National Biomass Program for the financial years 2022 to 2027 (Phase-I). These amendments aim to promote cleaner energy solutions, ease of doing business, and accelerate the adoption of biomass technologies across India. Under the new framework, several processes relating to paperwork and approvals have been simplified. This will enable the industry, especially micro, small and medium enterprises, to enhance production.</p>
<p>Mercom India’s fifth edition of its flagship event, the Mercom India Renewables Summit, will be <a href="https://www.mercomindia.com/mercom-renewables-summit-fifth-edition-july-2025" target="_blank" rel="noopener">held</a> on July 24 and 25, 2025, at the Hyatt Regency in New Delhi. Recognized as a cornerstone of India’s renewable energy calendar, the Summit brings together industry leaders, policymakers, investors, and innovators to exchange insights and drive progress toward a sustainable energy future. Over the past four years, the event has established itself as a key forum for discussing ways to translate policy goals into practical outcomes.</p>
<p>The Gujarat Electricity Regulatory Commission <a href="https://www.mercomindia.com/gujarat-regulator-grants-343-day-extension-70-mw" target="_blank" rel="noopener">granted</a> a 343-day extension for a 70 MW wind-solar hybrid project to establish its evacuation infrastructure, including the 66 kV transmission line, associated bays, and metering systems. The Commission acknowledged that the petitioner’s delays were largely due to uncontrollable and unforeseen events, including statutory and regulatory bottlenecks. The Commission directed Gujarat Energy Transmission Corporation not to revoke the petitioner’s grid connectivity or encash its bank guarantees during this extended timeline, if the petitioner is willing to pay long-term transmission charges until at least 10% of the project capacity is commissioned.</p>
<p>INOXGFL Group’s subsidiary Inox Neo Energies <a href="https://www.mercomindia.com/inox-acquires-skypower-solar-india-50-mw-solar" target="_blank" rel="noopener">completed</a> the acquisition of Skypower Solar India, which operates a 50 MW solar power project in Madhya Pradesh. Skypower Solar India has an enterprise value of approximately ₹2.65 billion (~$30.97 million), which is 5.3 times the earnings before interest, taxes, depreciation, and amortization over the past 12 months. The 50 MW solar project in Khandwa district was commissioned in the financial year 2018. The power generated from the project is tied up under a 25-year power purchase agreement with the Madhya Pradesh Power Management Company.</p>
<p>Waaree Solar Americas, a wholly owned subsidiary of Waaree Energies, <a href="https://www.mercomindia.com/waaree-solar-secures-540-mw-solar-module-order-from-us-developer" target="_blank" rel="noopener">received</a> an order for the supply of 540 MW of solar modules from a U.S.-based developer of utility-scale solar and energy storage projects. Of the total 540 MW, 270 MW will be supplied by the end of 2025. The remaining 270 MW will be supplied between 2027 and 2028. The latest module supply order follows two other orders this year from the U.S. market. Earlier this month, the company secured a supply order for 599 MW of solar modules from a U.S.-based solar developer.</p>
<p>Independent renewable energy producer Juniper Green Energy <a href="https://www.mercomindia.com/juniper-green-files-draft-papers-with-sebi-for-30-billion-ipo" target="_blank" rel="noopener">filed</a> its draft red herring prospectus to raise over ₹30 billion (~$349 million) through an initial public offering (IPO) with market regulator Securities and Exchange Board of India. The IPO will consist of a fresh issue of equity shares with a face value of ₹10 (~$0.12) each with no offer-for-sale component. The company plans to utilize the funds towards the repayment of its debt, amounting to ₹ 10.92 billion (~$127 million), and ₹11.57 billion (~$135 million) for its subsidiaries.</p>
<p>The Ministry of Power <a href="https://www.mercomindia.com/government-conceives-india-energy-stack-to-digitalize-power-sector" target="_blank" rel="noopener">announced</a> the launch of a task force to establish the India Energy Stack (IES), an initiative aimed at creating a unified, secure, and interoperable digital infrastructure for the country’s energy sector. The task force, comprising experts from the technology, power, and regulatory segments, will be headed by Nandan Nilekani, Co-founder and Non-Executive Chairman, Infosys. It will steer IES’ development, pilot implementation, and nationwide scale-up. The Ministry stated that IES aims to address India’s fragmented energy systems and a lack of seamless digital integration. These issues remain key hurdles to energy transformation, despite the accelerated growth in the country’s renewable energy and electric vehicle sectors, as well as an increase in consumer participation in the energy market.</p>


Daily News Wrap-Up: MNRE Revises Biomass Energy Program Guidelines


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2023/04/amazon_polly_53123.mp3?version=1683173911">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>The renewable landscape is rapidly changing from the traditional development of standalone solar and wind projects to a combination of both in hybrid projects, primarily driven by the urgent need for round-the-clock (RTC) supply and to tide over the intermittency of renewable resources.</p>
<p>While stakeholders are exploring commercially viable energy storage solutions, hybrid projects are already addressing the challenge of variable supply and grid safety to some extent.</p>
<p>Additionally, hybrid projects’ popularity is due to optimizing land and transmission systems and providing a longer-duration power supply.</p>
<p>India added 13 GW of solar capacity in the calendar year 2022, a 27% increase year-over-year, compared to 10.2 GW installed in CY21.</p>
<p>India’s cumulative installed solar capacity now stands at 63 GW, according to Mercom India Research’s newly released <a href="https://mercomindia.com/product/q4-2022-india-solar-market-update/" target="_blank" rel="noopener">2022 Q4 &amp; Annual India Solar Market Update</a>. India’s large-scale solar project pipeline stood at 58 GW, with another 51 GW of projects tendered and pending auction at the end of 2022.</p>
<p>The current and future trends in renewable energy was one of the topics industry experts discussed on Day 1 at the ‘<a href="https://www.mercomindia.com/event/renewables-summit-2023" target="_blank" rel="noopener"><strong>Mercom India Renewables Summit 2023</strong></a><strong>,’ </strong>an exclusive event being held on <strong>April 26-27</strong> in New Delhi.</p>
<p>The session titled <strong>‘Changing Landscape of Renewable Projects’ </strong>on <strong>April 26, 2023 </strong><strong>featured</strong> <strong>a diverse range of experts: </strong>Dilip Nigam, Adviser at <a href="https://mnre.gov.in/" target="_blank" rel="noopener">MNRE</a>; Deepak Ushadevi, MD &amp; CEO at <a href="https://ciel-et-terre.net/" target="_blank" rel="noopener">Ciel et Terre</a>; Prashant Choubey, President at <a href="https://avaadaenergy.com/about-us/" target="_blank" rel="noopener">Avaada Energy</a>; Venkatesh R, CEO at <a href="https://www.everrenew.com/" target="_blank" rel="noopener">Everrenew Energy</a>; and Manish Karna, AVP-Business Development, <a href="https://www.adanigreenenergy.com/" target="_blank" rel="noopener">Adani Green</a>.</p>
<p>“India has the largest hybrid project at a single location in Rajasthan. The capacity utilization factor for hybrid projects is 37-42%, and bringing the RTC angle is of utmost importance for hybrid projects,” Karna said.</p>
<p>Nigam said India is anticipating 7-8 GW of module manufacturing capacity by December 2024, in addition to a planned 16.8 GW of wafers, cells, and module manufacturing capacity by April 2025 and 16.5 GW of module manufacturing capacity by 2025.</p>
<p>Nearly 25.6 GW of module manufacturing capacity has been registered under the ALMM order, he noted.</p>
<p>“We are planning 13 GWh and 12 GWh battery storage projects in Ladakh. It will provide the necessary impetus to the battery storage projects in the country, and battery storage projects will play an important role in achieving the renewable target of 500 GW by 2030,” said Nigam.</p>
<p>Ushadevi, stressing the need for floating solar in the country, said, “Until now, we have had 2 GW of tenders for floating solar projects, and in the next four to five years, and another 4-5 GW of floating solar projects are expected to be developed in the next few years.”</p>
<p>“There is a need to assess the size, geotechnical conditions, and other factors for developing floating solar projects. Each project has its limitations, and we must take care of that while developing a floating solar project. We need to take a fresh look at floating solar projects and help it develop as a viable alternative,” he added.</p>
<p>Regarding the renewable tender trajectory issued by the Ministry of New and Renewable Energy (MNRE), Choubey said: “A renewable trajectory was the need of the hour, and we are happy that it came at the right time. It is a significant development, and how it will get translated into implementation needs to be seen. Also, the ISTS waiver is a blessing. The ISTS waiver will continue providing the right impetus for developing renewable energy projects.”</p>
<p>However, Venkatesh raised the potential bottlenecks in the path of a massive increase in planned renewable capacity. “The development of substations is essential for the evacuation of power, and there should be specific timelines for that. When we talk about central connectivity, the role of nodal agencies becomes important. There is a need for a single window for connectivity approvals,” he said.</p>
<p>“The renewable energy trajectory gives developers and investors clarity regarding how things will shape up this year. Earlier, there was a tussle between NTPC, SECI, NHPC, and other agencies. But now things have changed. If the public sector undertakings (PSUs) can learn from each other, that would help. The PSUs must learn from each other and put their best foot forward,” noted Karna.</p>
<p>Speaking on the challenges wind project developers face, Venkatesh said, “Crane availability is one of the main issues for wind power projects. Other issues include the consignment of wind turbine blades and logistics that pose challenges to the development of wind projects. Land acquisition is also a problem.”</p>
<p>“ISTS waiver is a good thing. This will expedite the connectivity process and help develop the evacuation infrastructure. There is a need to plan the transmission network, and the State Load Despatch Center (SLDC) should be more proactive in its approach,” he added.</p>


Growing Need for Round-the-Clock Renewable Power to Shape Future Projects

mercom-india-renewable-summit

Get the most relevant India solar and clean energy news.

RECENT POSTS