Andhra Pradesh Commission Releases Draft BESS Regulations

Electric Vehicle Sales Clock 34% YoY Growth in Q2 2025

Solar Module Manufacturing Capacity Under ALMM Grows to 91.5 GW

DISCOMs Owed Power Generators ₹581 Billion in June 2025

ORIX to Sell 17.5% Stake in Greenko to AM Green for $1.28 Billion

Railways Issues Empanelment Tender for 1 MW Rooftop Projects in Bihar

Month in a Minute: Top Headlines from the Indian Renewable Sector in June 2025

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

IREDA’s Loan Approvals Grow 29% YoY to ₹117 Billion in Q1 FY 2026

CERC Allows Project SPVs to Submit Land Documents for ISTS Connectivity


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					</table><p>Japan-based financial services group <a href="https://www.orix.co.jp/grp/en/" target="_blank" rel="noopener">ORIX Corporation</a> has announced it will reenter a share transfer agreement to divest part of its holdings in Hyderabad-based renewable energy company <a href="https://www.greenkogroup.com/" target="_blank" rel="noopener">Greenko Energy Holdings</a> to AM Green Power.</p>
<p>The transaction involves selling 17.5% of its 20% stake in Greenko to Netherlands-based AM Green Power.  Following the transaction, ORIX’s shareholding in Greenko will stand at 2.5%.</p>
<p>The transfer of the shares is priced at approximately $1.28 billion. Regulatory approvals, including those under the Indian Competition Act, have already been secured, and the transaction is scheduled to be completed by the end of July 2025.</p>
<p>In addition to the share transfer, ORIX has agreed to invest in a convertible note issued by AM Green (Luxembourg). The total underwriting amount of the convertible note is approximately $731 million.</p>
<p>The agreement for both the share transfer and the convertible note investment was signed recently, with execution scheduled for July 2025.</p>
<p>According to ORIX’s estimation, the transaction is expected to generate a gain of approximately ¥93.4 (~$646.8 million), which includes a valuation gain on the remaining 2.5% stake. However, ORIX has not revised its consolidated financial forecast for the fiscal year ending March 31, 2026, and will continue to monitor developments to determine if adjustments are required.</p>
<p>Greenko Energy Holdings operates renewable energy generation facilities with a total installed capacity of 7.3 GW across solar, wind, and hydroelectric segments in India. It is also developing large-scale pumped storage power projects.</p>
<p>AM Green Power focuses on decarbonization and green solutions, with ongoing projects in green hydrogen and green ammonia production, as well as the manufacturing of water electrolysis equipment necessary for green hydrogen production.</p>
<p>The company plans to produce 5 million tons per annum (MTPA) of green ammonia, with a 1 MTPA project under construction in Kakinada, Andhra Pradesh, and scheduled for commissioning in the second half of 2026.</p>
<p>Last year, AM Green <a href="https://www.mercomindia.com/greenko-green-ammonia-yara" target="_blank" rel="noopener">signed</a> binding term sheets with European company Yara Clean Ammonia for the supply of green ammonia.</p>
<p>In 2021, ORIX had <a href="https://www.mercomindia.com/orix-acquisition-renewable-energy-developer-greenko" target="_blank" rel="noopener">acquired</a> a 21.8% stake in Greenko Energy Holdings.</p>



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					</table><p><a href="https://www.mercomindia.com/maharashtra-tamil-nadu-karnataka-lead-q1-solar-open-access-installations" target="_blank" rel="noopener"><strong>India added 1.1 GW of solar open access capacity in the first quarter (Q1) of 2025, down nearly 48% from 2.1 GW in Q4 2024</strong></a><strong>.</strong> Installations were down 47% year-over-year (YoY) from over 2 GW, according to the Q1 2025 Mercom India Solar Open Access Market report. Domestic solar modules were scarce due to the rush to commission before the end of the financial year. The quarter saw a slowdown in the commissioning of solar open access projects due to a shortage of transmission infrastructure, delays in the clearance procedure for connectivity, and uncertainty regarding the interstate transmission system (ISTS) waiver.</p>
<p><a href="https://www.mercomindia.com/indias-solar-exports-up-26-imports-surge-80-2-qoq-in-q1-2025" target="_blank" rel="noopener"><strong>Indian solar module and cell exports increased 26.1% quarter-over-quarter (QoQ) to $267.6 million (~₹23.1 billion) in Q1 of 2025</strong></a> from $212.2 million (~₹17.92 billion), according to recent data published by the Department of Commerce. However, module and cell exports declined 59.9% YoY to $666.7 million (~₹55.37 billion). Solar exports in the quarter were dominated by photovoltaic modules, which accounted for 98.7% of the total shipments, while solar cells made up the remaining 1.3%. The U.S. was the primary destination for Indian solar cell and module exports, accounting for 99.5% of the total in Q1 2025.</p>
<p><a href="https://www.mercomindia.com/vppas-in-india-not-gained-momentum-cerc-guidelines" target="_blank" rel="noopener"><strong>Virtual power purchase agreements (VPPAs), a financial tool for energy-intensive industries seeking to meet their renewable energy obligations</strong></a>, have not gained momentum in India despite their seemingly promising nature. The Central Electricity Regulatory Commission recently released draft guidelines to enable designated consumers to meet their renewable commitments. Under these guidelines, a VPPA or a designated consumer may enter into long-term bilateral virtual agreements with a renewable energy generator at an agreed-upon price.</p>
<p><a href="https://www.mercomindia.com/solar-module-mounting-structure-market-leaders-in-2024" target="_blank" rel="noopener"><strong>Goodluck India, Strolar Mounting Systems, Raydean Industries, Metalkraft, and MTE Structures were the top five module mounting structure</strong> <strong>suppliers</strong></a> to the Indian solar market in 2024, according to Mercom’s India Solar Market Leaderboard 2025 report. Goodluck India led the solar module mounting structure shipments with a market share of 25.3%. Stolar Mounting Systems and Raydean Industries followed, accounting for 17% and 13.8% of the shipments, respectively, in 2024.</p>
<p><strong><a href="https://www.mercomindia.com/monsoon-winds-weak-links-rooftop-solar" target="_blank" rel="noopener">As solar systems proliferate on India’s rooftops, a silent crisis is unfolding. The promise of clean energy and cost savings is being increasingly undercut</a> </strong>by poor engineering practices and subpar installations, many of which cannot withstand the monsoon winds and cyclonic conditions common in several parts of the country. Recent weather incidents in cities like Bhilwara, Gwalior, Indore, Mira Road, Kanpur, and Lucknow have highlighted this issue.</p>
<p><a href="https://www.mercomindia.com/average-cost-of-large-scale-solar-projects-rose-marginally-in-q1-2025" target="_blank" rel="noopener"><strong>Large-scale solar project costs in India increased for the second consecutive quarter, according to Mercom’s Q1 2025 India Solar Market Update</strong></a>. Average project costs rose 3% QoQ and 1% YoY. The average selling price of Indian-made DCR-compliant modules increased in Q1 2025, fueled by strong demand from government programs like PM Surya Ghar and PM KUSUM and rising component costs. With developers scrambling to secure limited production slots, pricing pressure increased further.</p>
<p><a href="https://www.mercomindia.com/solar-open-access-capacity-additions-in-india-slump-48-qoq-in-q1" target="_blank" rel="noopener"><strong>India’s solar open access capacity additions dropped 47% YoY to 1.1 GW in the Q1 of 2025 from over 2 GW</strong></a>, according to Mercom India’s Q1 2025 Solar Open Access Market Report. Solar open access capacity additions also dropped 48% QoQ from 2.1 GW in Q4 2024. According to Priya Sanjay, Managing Director of Mercom India, the numbers appear down, especially since the comparative quarters recorded high-capacity additions last year due to different reasons.</p>
<p><a href="https://www.mercomindia.com/jinko-waaree-longi-trina-adani-lead-solar-module-supply-in-2024" target="_blank" rel="noopener"><strong>Jinko Solar, Waaree Energies, LONGi Green Energy Technology, Trina Solar, and Adani Solar were the top solar module suppliers in 2024, according</strong></a> to Mercom’s recently released India Solar Market Leaderboard 2025. The demand for solar modules in India has been growing, driven by the unprecedented solar project installations – 25.2 GW in 2024 and India’s goal to install 280 GW of solar by 2030. India added 25.3 GW of solar module capacity, 11.6 GW of cell capacity, and 2 GW of integrated wafer and ingot capacity in 2024, according to Mercom’s “State of Solar PV Manufacturing in India 2025.”</p>
<p><a href="https://www.mercomindia.com/leading-solar-inverter-supplies-2024" target="_blank" rel="noopener"><strong>Sungrow Power Supply, TBEA Energy India, Sineng Electric, FIMER India, and Ginlong (Solis) Technologies were the leading inverter suppliers</strong></a> in India for the calendar year 2024, according to Mercom’s recently released India Solar Market Leaderboard 2025. Sungrow emerged as the leading solar inverter supplier, accounting for 29.1% of the market share. TBEA Energy India ranked second with 21.3%, followed by Sineng Electric at 13.3%. FIMER India and Ginlong (Solis) Technologies ranked fourth and fifth, accounting for 12.2% and 6% of the total market share, respectively.</p>
<p><a href="https://www.mercomindia.com/top-robotic-solar-module-cleaning-equipment-suppliers-in-2024" target="_blank" rel="noopener"><strong>Taypro, Langfang Sol-Bright New Energy Technology, Airtouch Solar, Vayu Solar, and LEAPTING were the top five robotic solar module cleaning equipment suppliers</strong></a> to the Indian solar market in 2024, according to Mercom’s recently released India Solar Market Leaderboard 2025 report. Taypro led the country’s shipments of robotic solar module cleaning equipment, accounting for 27.5%. Langfang Sol-Bright New Energy Technology and Airtouch Solar followed, accounting for 18.8% and 13%, respectively. Vayu Solar and LEAPTING rounded off the top five, with 11.1% and 9.8% market shares, respectively.</p>
<p><a href="https://www.mercomindia.com/from-leader-to-lagging-keralas-net-metering-cap-proposal-threatens-growth" target="_blank" rel="noopener"><strong>The recent proposal from the Kerala State Electricity Regulatory Commission to limit net metering for rooftop solar systems up to 3 kW</strong></a> is likely to slow down the rooftop solar installations in the state. According to the draft regulations, net metering will only be permitted for rooftop solar systems with a capacity between 3 kW and 5 kW, provided they include energy storage systems that account for up to 30% of the rooftop solar capacity.</p>
<p><a href="https://www.mercomindia.com/no-ists-charges-waiver-solar-wind-june-2028" target="_blank" rel="noopener"><strong>The CERC issued a time frame for waiving ISTS charges for renewable energy, energy storage projects, green hydrogen, and green ammonia.</strong></a> Renewable energy generation stations based on wind, solar, or hybrid sources are eligible for waivers based on their commissioning date. Projects commissioned on or before June 30, 2025, will receive a full waiver for 25 years. Projects commissioned in successive years up to June 30, 2028, will receive progressively lower waivers, reducing from 75% to 25%. Projects commissioned after June 30, 2028, are not eligible for a waiver.</p>
<p><a href="https://www.mercomindia.com/cea-issues-draft-safety-guidelines-for-battery-energy-storage-systems" target="_blank" rel="noopener"><strong>The Central Electricity Authority issued draft guidelines relating to the safety and electric supply of battery energy storage systems.</strong></a> Stakeholders can submit their comments and suggestions by July 20, 2025. The chargers used for battery energy storage systems must be specifically designed to match the battery chemistry. The battery system must be built with two-fault tolerance, ensuring it can either continue safe operation or shut down safely even after two separate faults occur.</p>
<p><a href="https://www.mercomindia.com/mnre-invites-proposals-to-promote-circularity-in-solar-and-battery-technologies" target="_blank" rel="noopener"><strong>The Ministry of New and Renewable Energy invited proposals under the ‘Innovation Challenge for Circularity in Renewable Energy Technologies</strong></a> – Batteries and Solar Photovoltaic.’ The challenge will focus on design and manufacturing innovations that promote circularity, facilitating easy dismantling and waste segregation, resource efficiency, the use of alternative materials, chemicals, and technologies for manufacturing, and the manufacture of products from recycled materials.</p>
<p><a href="https://www.mercomindia.com/cpcb-issues-draft-guidelines-for-solar-waste-collection-and-storage" target="_blank" rel="noopener"><strong>The Central Pollution Control Board (CPCB) issued draft guidelines for the collection and storage of waste from solar modules and cells.</strong></a> Stakeholders can submit comments and suggestions to CPCB by June 25, 2025. Solar waste refers to end-of-life solar modules or cells that are discarded whole or in part as waste. It includes rejects and waste generated during manufacturing, refurbishment, and repair processes.  It also covers solar modules that were damaged during transportation, handling, storage, and installation.</p>



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					</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>



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					</table><p>Government-owned lender Indian Renewable Energy Development Agency’s (<a href="https://www.ireda.in/home" target="_blank" rel="noopener">IREDA</a>) loan approvals climbed by 29% year-over-year (YoY) to ₹117.4 billion (~$1.37 billion) in the first quarter (Q1) of the financial year (FY) 2025-26, compared to ₹91.36 billion (~$1.06 billion).</p>
<p>Loan disbursements rose by 31% YoY to ₹69.81 billion (~$815.52 million), up from ₹53.26 billion (~$622.18 million).</p>
<p>The company’s outstanding loan book also registered a strong growth, reaching ₹799.6 billion (~$9.34 billion) as of June 30, 2025, reflecting a 27% YoY increase over ₹632.07 billion (~$7.38 billion).</p>
<p>IREDA’s loan approvals <a href="https://www.mercomindia.com/iredas-fy-2025-loan-approvals-grow-27-yoy/" target="_blank" rel="noopener">stood</a> at ₹474.53 billion (~$5.5 billion) in FY 2025 compared to ₹373.54 billion (~$4.3 billion) in FY 2024. Its loan disbursement also increased to ₹301.68 billion (~$3.5 billion) from ₹250.89 billion (~$2.9 billion), an increase of 20% YoY.</p>
<p>Recently, IREDA raised ₹20.06 billion (~$234.71 million) through qualified institutional placement (QIP) of shares. The company issued a total of 121,466,562 equity shares at a price of ₹165.14 (~$1.93) per share, which includes a premium of ₹155.14 (~$1.82). The issue price was set at a 5% discount, or ₹8.69 (~$0.10), on the floor price.</p>
<p>The latest equity issuance was part of IREDA’s broader plan to <a href="https://www.mercomindia.com/ireda-to-raise-%E2%82%B950-billion-through-qip-for-green-energy-growth" target="_blank" rel="noopener">raise</a> ₹50 billion (~$588.24 million) through QIPs, with the strategic goal of limiting the Government of India’s shareholding dilution to a maximum of 7% in the post-issue paid-up equity capital.</p>
<p>In addition to equity fundraising, IREDA has been actively diversifying its capital sources. In March 2025, the agency <a href="https://www.mercomindia.com/ireda-secures-172-million-ecb-facility-from-sbi-tokyo/" target="_blank" rel="noopener">signed</a> a loan agreement with the Tokyo branch of the State Bank of India to raise JPY 26 billion (~$172 million), including a greenshoe option of JPY 10 billion (~$66.2 million).</p>
<p>IREDA has also made progress in the domestic debt market. It recently <a href="https://www.mercomindia.com/ireda-issues-perpetual-bonds-to-raise-%E2%82%B912-47-billion" target="_blank" rel="noopener">issued</a> its first perpetual bonds worth ₹12.47 billion (~$144.5 million) at an annual coupon rate of 8.4%. Further boosting its financial position, IREDA received ₹244.8 million (~$2.6 million) from the Income Tax Department as partial relief for the assessment year 2011–12 related to prior disallowances.</p>



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					</table><p>The Central Electricity Regulatory Commission (<a href="https://cercind.gov.in/" target="_blank" rel="noopener">CERC</a>) has permitted special purpose vehicles (SPVs) or subsidiaries of renewable energy companies to submit land and financial closure documents in place of their parent companies for the grant of connectivity and general network access.</p>
<p>The decision will be effective until the third amendment to the Connectivity and General Network Access (GNA) to ISTS Regulations, 2022, is formally notified.</p>
<p><strong>Background</strong></p>
<p>The petitions were filed by Oyster Renewable Energy (<a href="https://www.oysterrenewable.com/" target="_blank" rel="noopener">OREPL</a>) and Avaada Energy (<a href="https://avaada.com/" target="_blank" rel="noopener">AEPL</a>), along with their SPVs, Oyster Green Hybrid One (OGHOPL) and Avaada MPSustainable2 (AMSPL), respectively, for approval of their land documents.</p>
<p>The Central Transmission Utility of India (<a href="https://www.ctuil.in/" target="_blank" rel="noopener">CTUIL</a>) granted final connectivity to both parent companies in April 2024. However, when the SPVs submitted land documents between March and April 2025, CTUIL rejected them because Regulation 11A required such documents to be in the name of the parent company.</p>
<p>OREPL, which is implementing a hybrid renewable project in Agar, Madhya Pradesh, through its SPV (OGHOPL), submitted that it had already invested ₹7.8 billion (~$90.48 million) in the project, acquired 70% to 97% of the land, and completed up to 31% of the erection work.</p>
<p>Similarly, AEPL, which won a Solar Energy Corporation of India tender, applied for 50 MW connectivity and submitted all project documents through its SPV, AMSPL.</p>
<p>CTUIL maintained that it was bound by the current regulations but expressed no objection to acting on specific or generic directions from the Commission.</p>
<p><strong>Commission’s Analysis</strong></p>
<p>CERC noted that it had used its relaxation powers to allow similar SPV submissions in previous orders. It found that there was no regulatory or commercial risk in allowing land and financial closure documents from SPVs if they are wholly owned subsidiaries of the connectivity grantee.</p>
<p>Recognizing that the draft third amendment to the GNA Regulations already proposes such flexibility, the Commission relaxed Regulations 11A (1) and 11A (2), permitting SPVs to submit the required documents.</p>
<p>The Commission also mandated CTUIL to return the land bank guarantees within seven days of receiving the documents. However, connectivity bank guarantees will be released only after the commercial operation date.</p>
<p>CTUIL was directed to verify the legal status of SPVs and process all submissions accordingly.</p>
<p>Recently, CERC <a href="https://www.mercomindia.com/cerc-approves-tariffs-for-ntpcs-1170-mw-wind-solar-hybrid-projects" target="_blank" rel="noopener">approved</a> tariffs ranging from ₹3.28 (~$0.038) to ₹3.29 (~$0.038)/kWh for NTPC’s 1,170 MW of wind-solar hybrid power projects.</p>
<p>Subscribe to Mercom’s real-time <a href="https://mercomindia.com/product/mercoms-renewable-energy-regulatory-updates/" target="_blank" rel="noopener">Regulatory Updates</a> to ensure you don’t miss any critical updates from the renewable industry.</p>



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					</table><p>The <a href="https://www.senate.gov/" target="_blank" rel="noopener">United States Senate</a> has released an updated draft of the budget reconciliation proposal, eliminating the Clean Electricity Investment Credit under Section 48E and the Clean Electricity Production Credit under Section 45Y for solar and wind power projects that begin generating electricity after December 31, 2027.</p>
<p>The initial draft <a href="https://www.mercomindia.com/us-senate-budget-bill-proposes-to-slash-solar-wind-incentives-from-2026/" target="_blank" rel="noopener">released</a> by the Senate proposed a phased reduction in credit value for any wind and solar projects that did not begin construction by 2026, from 60% of the full credit to 20% in 2027, with the credits fully eliminated for projects starting in 2028.</p>
<p>The latest version bases incentives on when projects actually begin producing electricity, a more demanding requirement.</p>
<p>However, another amendment is being proposed where solar and wind power projects would qualify for 60% of the credit as long as they begin construction in 2026 and 20% if they begin construction in 2027.</p>
<p>In addition, the draft imposes a new tax of 50% for solar projects and 30% for wind projects that are commissioned after December 31, 2027, if they were constructed after the date of enactment and received any material assistance from a prohibited foreign entity. Projects that begin construction after June 16, 2026, and violate the material assistance cost ratio rule will be subject to this tax in the year they are placed in service.</p>
<p>The broad definition of “material assistance” includes critical minerals, subcomponents, recycling processes, and design elements. Ownership, board control, and financial influence from a foreign entity of concern are also restricted, which could disqualify many Chinese-made solar components, even if final assembly occurs elsewhere.</p>
<p>Another provision increases the required percentage of domestic content for eligibility, starting at 40% for onshore wind and solar projects (20% for offshore wind) for those beginning construction before June 16, 2025. The threshold rises to 45% (27.5% for offshore wind) for projects starting between June 16 and December 31, 2025, then to 50% (35% for offshore wind) for projects beginning in 2026, and reaches 55% for all projects, including offshore wind, starting after December 31, 2026.</p>
<p>If enacted, the bill could reverse much of the progress the clean energy industry has made under the Inflation Reduction Act (IRA).</p>
<p>Soon after assuming office as U.S. president, Donald Trump <a href="https://www.mercomindia.com/trump-pauses-clean-energy-spending/" target="_blank" rel="noopener">issued</a> a raft of executive orders seeking to reverse his predecessor’s climate and energy agenda. One order directed federal agencies to immediately pause the disbursement of funds through the IRA, which <a href="https://www.mercomindia.com/inflation-reduction-act-faster-transition-clean-energy-u-s" target="_blank" rel="noopener">proposed</a> spending millions of dollars to promote clean energy.</p>


Updated US Senate Budget Bill Wants to End Solar, Wind Incentives From 2028


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					</table><p>In its fifth edition, the <a href="https://www.mercomindia.com/event/renewables-summit-2025" target="_blank" rel="noopener">Mercom India Renewables Summit</a> will feature a dedicated renewable energy exhibition for the first time, showcasing the most advanced solutions and services in the clean energy sector.</p>
<p>The exhibition will be held on July 24 and 25, 2025, at the Regency Ballroom in the Hyatt Regency, New Delhi, in conjunction with the main sessions of the Summit.</p>
<p>The two-day exhibition provides a unique opportunity for attendees to engage directly with over fifty leading renewable energy companies shaping India’s energy transition.</p>
<p>The Expo is designed to foster meaningful interactions among top manufacturers, service providers, technology innovators, and key players from across the clean energy value chain.</p>
<p>Exhibitors will have the opportunity to showcase their latest technologies and offerings in an environment that fosters strategic conversations and targeted engagement. Whether launching new products, demonstrating capabilities, or discussing procurement options, participating companies will benefit from increased visibility and qualified leads. The Expo provides an opportunity to gain practical insights, understand market trends, and assess the competitive landscape.</p>
<p>Visitors can expect to meet suppliers face-to-face, learn about emerging technologies, and identify new partners for potential collaboration. For installers, project developers, and engineering, procurement, and construction companies, the Expo offers a direct route to assess what is available in the market and explore how these solutions align with their long-term strategies. It is a space where discussions can lead to partnerships and purchasing decisions.</p>
<p>Entry to the Expo is free. Visitors who register in advance for the Summit will enjoy seamless access to both the exhibition and conference areas, eliminating the need to wait in queues. Attendees can expect to leave with new connections, actionable knowledge, and a deeper understanding of the technologies and trends driving the industry forward.</p>
<p>Those interested in visiting only the exhibition can complete a separate registration <a href="https://www.mercomindia.com/event/renewables-summit-2025/visitor-registration" target="_blank" rel="noopener">here</a>. Others who wish to attend the full Mercom India Renewables Summit 2025 can register <a href="https://www.mercomindia.com/event/renewables-summit-2025/register" target="_blank" rel="noopener">here</a> and contribute to shaping the future of India’s growing renewable energy landscape.</p>


Mercom’s Renewable Energy Expo to Showcase Latest Solutions and Services


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					</table><p>The Ministry of New and Renewable Energy (<a href="https://mnre.gov.in/" target="_blank" rel="noopener">MNRE</a>) has revised the guidelines for the National Biomass Program for the financial years (FY) 2022 to 2027 (Phase-I).</p>
<p>These amendments aim to promote cleaner energy solutions, ease of doing business, and accelerate the adoption of biomass technologies across India.</p>
<p>Under the new framework, several processes relating to paperwork and approvals have been simplified. This will enable the industry, especially MSMEs, to enhance production.</p>
<p>A key highlight of the revisions is the integration of technology to enable the use of Internet of Things (IoT)-based monitoring solutions or quarterly data submissions instead of the existing project supervisory control and data acquisition and remote monitoring systems.</p>
<p>In 2022, the MNRE <a href="https://mnre.gov.in/" target="_blank" rel="noopener">notified</a> the National Bioenergy Program, valid from FY 2022 to FY 2026, with an outlay of ₹8.58 billion (~$104.66 million) approved for Phase-I.</p>
<p>Developers of briquette and pellet manufacturing plants will no longer need to submit techno-economic feasibility reports, high-resolution pictures, and environmental impact assessment clearance.</p>
<p>The earlier requirement for a two-year briquette or pellet sale contract has been replaced with a general sale agreement.</p>
<p>The subsidy disbursement mechanism under the Central Financial Assistance (CFA) has also been revised. Applicants seeking subsidies from the Ministry for a proposed plant will not be eligible to claim a capital subsidy from any other ministry or department.</p>
<p>Projects with an efficiency rate of over 80% will receive full financial assistance. Those with an efficiency rate below 80% will receive assistance on a pro rata basis. CFA will not be provided if the capacity utilization factor is less than 50%.</p>
<p>Earlier, plant inspections included a performance report on the plant&#8217;s operation, averaging 80% of rated capacity over three consecutive days, with standard operating hours of 16 hours per day. This requirement has been reduced to ten hours in the inspection process.</p>
<p>The revisions also simplify the performance inspection period. The inspection team will conduct a performance inspection at the plant following its successful commissioning. The plant’s performance inspection must be carried out within 18 months from the date of commissioning or within eight months from the date of issue of the &#8220;in principle&#8221; approval, whichever is later.</p>
<p>A suitable extension will be granted in case of an inspection delay due to reasons beyond the developer&#8217;s control.</p>
<p>Last year, MNRE <a href="https://mnre.gov.in/" target="_blank" rel="noopener">revised</a> the CFA rates for biomass pellet manufacturing units under the National Bioenergy Program. For the briquette manufacturing plant, the revised estimate was ₹0.9 million (~$10,767) per MTPH, with a maximum of ₹4.5 million (~$53,808) per project.</p>


MNRE Introduces IoT-Based Monitoring of Data Under Biomass Energy Program


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					</table><p><strong>Egypt</strong>’s <strong>Suez Canal Economic Zone</strong> and Chinese firm <strong>Sunrev Solar</strong> <a href="https://sczone.eg/with-investments-of-200-million-chairman-of-sczone-witnesses-groundbreaking-ceremony-for-an-integrated-solar-energy-components-industrial-complex-in-sokhna-spanning-200000-square-meters/" target="_blank" rel="noopener">commenced</a> construction of an integrated solar energy components industrial complex in Ain Sokhna. Spanning 200,000 sq m and backed by a $200 million investment, the project will be developed in two phases. The first phase, valued at $90 million, will comprise two factories designed to produce 2 GW of solar cells and modules. The second phase, valued at $110 million, will localize the production of key raw materials, including silicon ingots and wafers.</p>
<p>The <strong>Arab Petroleum </strong><strong>Investments Corporation (APICORP)</strong> <a href="https://english.ajel.sa/business/apicorp-funds-sirajpower-with-50mn-for-solar-energy-projects" target="_blank" rel="noopener">extended</a> a $50 million credit facility to the <strong>United Arab Emirates (UAE)</strong>-based <strong>SirajPower</strong> to boost its portfolio of distributed solar energy projects across the Middle East. The financing represents the largest lease-funding platform for solar projects in the Gulf Cooperation Council countries. It aims to support businesses in reducing their utility bills and lowering carbon emissions. Ahmed Attiga, CEO of APICORP, stated that the investment is part of the company’s $450 million renewable energy commitment over the next four years.</p>
<p><strong>The UAE’s Sharjah <a href="https://masdar.ae/en/news/newsroom/sultan-bin-ahmed-inaugurates-sharjah-1st-solar-plant-sana" target="_blank" rel="noopener">inaugurated</a> its first utility-scale solar facility, “SANA,” with a capacity of 60 MW and an area of 850,000 square meters</strong>. Located near the Sajaa Gas Plant, the solar project will supply clean power to the Sharjah National Oil Corporation’s operations and feed surplus electricity to the Sharjah Electricity, Water and Gas Authority. The project was executed in collaboration with <strong>Emerge</strong>, a joint venture between <strong>Masdar </strong>and <strong>EDF</strong>, which will also handle its operation and maintenance over the next 25 years.</p>
<p><strong>Algeria</strong>’s state-owned oil company <strong>Sonatrach</strong> has <a href="https://fuelcellsworks.com/2025/06/25/h2/sonatrach-hecate-and-tosyali-launch-feasibility-study-for-green-hydrogen-in-algeria-s-steel-sector" target="_blank" rel="noopener">signed</a> a memorandum of understanding with <strong>U.S.-</strong>based <strong>Hecate Renewable Energy</strong> and steel maker <strong>Tosyali Algerie</strong> to evaluate a green hydrogen production project powered by renewables, aimed at decarbonizing Algeria’s steel sector.</p>


MENA Weekly Roundup: Egypt Launches $200 Million Solar Components Plant


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					</table><p>Virtual power purchase agreements (VPPAs), a financial tool for energy-intensive industries seeking to meet their renewable energy obligations, have not <a href="https://www.mercomindia.com/vppas-in-india-not-gained-momentum-cerc-guidelines" target="_blank" rel="noopener">gained</a> momentum in India despite their seemingly promising nature. The Central Electricity Regulatory Commission (CERC) recently released draft guidelines to enable designated consumers to meet their renewable commitments. Under these guidelines, a VPPA or a designated consumer may enter into long-term bilateral virtual agreements with a renewable energy generator at an agreed-upon price.</p>
<p>The CERC <a href="https://www.mercomindia.com/no-ists-charges-waiver-solar-wind-june-2028" target="_blank" rel="noopener">issued</a> a time frame for waiving interstate transmission (ISTS) charges for renewable energy, energy storage projects, green hydrogen, and green ammonia. Renewable energy generation stations based on wind, solar, or hybrid sources are eligible for waivers based on their commissioning date. Projects commissioned on or before June 30, 2025, will receive a full waiver for 25 years. Projects commissioned in successive years up to June 30, 2028, will receive progressively lower waivers, reducing from 75% to 25%. Projects commissioned after June 30, 2028, are not eligible for a waiver.</p>
<p>India <a href="https://www.mercomindia.com/no-ists-charges-waiver-solar-wind-june-2028" target="_blank" rel="noopener">added</a> 1.1 GW of solar open access capacity in the first quarter (Q1) of 2025, down nearly 48% from 2.1 GW in Q4 2024. Installations were down 47% year-over-year from over 2 GW, according to the Q1 2025 Mercom India Solar Open Access Market report. Domestic solar modules were scarce due to the rush to commission before the end of the financial year. The quarter saw a slowdown in the commissioning of solar open access projects due to a shortage of transmission infrastructure, delays in the clearance procedure for connectivity, and uncertainty regarding the ISTS waiver.</p>
<p>The Ministry of Heavy Industries <a href="https://www.mercomindia.com/no-ists-charges-waiver-solar-wind-june-2028" target="_blank" rel="noopener">launched</a> the application portal for the ‘Scheme to Promote Manufacturing of Electric Passenger Cars in India,’ inviting global and domestic manufacturers to establish electric vehicle (EV) production facilities in the country. The application portal will remain active until October 21, 2025. The program aims to attract major global EV manufacturers by offering a reduced customs duty structure and a policy framework that encourages long-term investments in India’s automotive sector.</p>
<p>The Gujarat Electricity Regulatory Commission <a href="https://www.mercomindia.com/no-ists-charges-waiver-solar-wind-june-2028" target="_blank" rel="noopener">approved</a> a tariff of ₹3.70 (~$0.043)/kWh for the procurement of 9.9 MW of wind-solar hybrid renewable energy by a power distribution licensee in the GIFT City in Gujarat. The petitioner, GIFT Power Company (GIFT PCL), had initiated power procurement through open access as a distribution licensee in May 2019. GIFT PCL has relied on a mix of short- and medium-term PPAs, the day-ahead market, and real-time market power purchases. However, with demand expected to increase from a base of 5 MW in the financial year (FY) 2025 to 20 MW by FY 2030, and peak load potentially reaching 40 MW, the company is shifting to long-term renewable sourcing to fulfill its universal service obligation and meet renewable purchase obligations.</p>
<p>The Ministry of Power <a href="https://www.mercomindia.com/no-ists-charges-waiver-solar-wind-june-2028" target="_blank" rel="noopener">proposed</a> amendments to the guidelines for the tariff-based competitive bidding process to procure power from grid-connected power projects. These revisions apply to solar, wind, wind-solar hybrid, and firm and dispatchable power from renewable energy projects with energy storage systems. According to the proposed amendments, all projects will have a fixed timeline for regulatory approvals. The amendments would require that when power procurement involves an intermediary agency and the end buyer is a distribution licensee, the latter must obtain regulatory approval for the power sale agreement within 30 days of signing it. Such requirements apply to cases where prior approval was not obtained.</p>
<p>Integrated solar cell and module manufacturing company Premier Energies <a href="https://www.mercomindia.com/no-ists-charges-waiver-solar-wind-june-2028" target="_blank" rel="noopener">commissioned</a> a new 1.2 GW tunnel oxide passivated contact (TOPCon) solar cell manufacturing line in Hyderabad, Telangana. TOCon technology involves an ultra-thin tunnel oxide layer (usually silicon dioxide) grown on the solar cell’s silicon wafer surface, which is then overlaid with a highly treated silicon layer. This technology helps electrons move faster compared to conventional cells. Premier Energies said the new TOPCon line has increased the company’s solar cell production capacity from 2 GW to 3.2 GW.</p>
<p>Solar module manufacturer Rayzon Solar <a href="https://www.mercomindia.com/rayzon-solar-files-for-%E2%82%B915-billion-ipo-to-use-funds-for-cell-manufacturing" target="_blank" rel="noopener">filed</a> a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to raise ₹15 billion (~$175 million) through an initial public offering of shares. The company will utilize up to ₹12.65 billion (~$147.5 million) of the net proceeds to invest in its wholly owned subsidiary, Rayzon Energy, and partly finance the development of a 3.5 GW TOPCon solar cell manufacturing plant in Surat, Gujarat. The DRHP said Axis Bank has approved a loan of ₹3 billion (~$34.98 million) for the cell facility.</p>
<p>The Madhya Pradesh Power Management Company <a href="https://www.mercomindia.com/rayzon-solar-files-for-%E2%82%B915-billion-ipo-to-use-funds-for-cell-manufacturing" target="_blank" rel="noopener">invited</a> bids to procure 800 MW of wind power from projects set up anywhere in India, with an additional capacity of up to 800 MW under the greenshoe option for 25 years. Bids must be submitted by July 23, 2025. Bids will be opened on July 25.  The scope of work also entails the identification of land, project installation, and ownership. Additionally, it involves obtaining connectivity and approvals, as well as interconnection with the ISTS or intrastate transmission system networks to supply power.</p>
<p>Gujarat-based Onix Renewable <a href="https://www.mercomindia.com/rayzon-solar-files-for-%E2%82%B915-billion-ipo-to-use-funds-for-cell-manufacturing" target="_blank" rel="noopener">offered</a> ₹264 (~$3) per share to acquire 1.6 million equity shares of Onix Solar Energy for approximately ₹429 million (~$5 million). Onix Solar Energy is a subsidiary of Onix Renewable. The offer represents 6.44% of Onix Solar Energy’s issued and outstanding voting share capital. Grow House Wealth Management is acting as the manager for this open offer. This open offer followed Onix Solar Energy’s board of directors authorizing a preferential allotment of 18.5 million fully paid-up equity shares, each with a face value of ₹10 (~$0.12), on a preferential basis. These shares represent 73.2% of Onix Renewable&#8217;s emerging voting share capital.</p>


Daily News Wrap-Up: Virtual PPA Framework in India Needs Regulatory Backing


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					</table><p>The <a href="https://powermin.gov.in/en" target="_blank" rel="noopener">Ministry of Power</a> has announced 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.</p>
<p>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.</p>
<p>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>
<p>IES will be a digital public infrastructure (DPI) that ensures a standardized, secure, and open platform to manage, monitor, and support innovation across the electricity value chain.</p>
<p>The Ministry’s initiative has been approved under the Revamped Distribution Sector Scheme (RDSS) with REC as the program nodal agency. The RDSS was <a href="https://www.mercomindia.com/two-year-extension-of-distribution-sector-reforms-program-on-the-cards" target="_blank" rel="noopener">devised</a> to improve the quality and reliability of power supply to consumers through a financially sustainable and operationally efficient distribution sector.</p>
<p>Manohar Lal Khattar, Minister for Power, said, “DPIs, such as IES, will play a vital role in integrating renewable energy, enhancing distribution company (DISCOM) efficiency, and delivering transparent, reliable, and future-ready power services.”</p>
<p>The energy stack will offer the following features:</p>
<ul>
<li>Unique identifications for consumers, assets, and transactions</li>
<li>Real-time, consent-based data sharing</li>
<li>Open application programming interface for seamless system integration</li>
<li>Tools for consumer empowerment, market access, and innovation</li>
</ul>
<p>The Ministry stated that it will partner with select utilities to undertake a 12-month proof-of-concept study, demonstrating the IES under real-world use cases. These demonstrations will include piloting the energy stack’s utility intelligence platform. This platform will be a modular and analytics-driven application. It will be built on the IES to support utilities, policymakers, and consumers with real-time insights and smarter energy management.</p>
<p>The Ministry expects the following outcomes from the task force:</p>
<ul>
<li>IES white paper for public consultation</li>
<li>Pilot testing of the utility intelligence platform with DISCOMs in Mumbai, Gujarat, and Delhi</li>
<li>National roadmap for IES rollout</li>
</ul>
<p>In 2021, the Department of Science and Technology <a href="https://www.mercomindia.com/government-seeks-proposals-resolve-digital" target="_blank" rel="noopener">issued</a> a call for research, development, and demonstration projects aimed at identifying and resolving significant challenges in digital transformation for the green energy transition.</p>


Government Plans India Energy Stack to Digitalize Power Sector


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					</table><p>Mercom India’s fifth edition of its flagship event, the <a href="https://www.mercomindia.com/event/renewables-summit-2025" target="_blank" rel="noopener">Mercom India Renewables Summit</a>, will be held on July 24 and 25, 2025, at the Hyatt Regency in New Delhi.</p>
<p>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 an influential forum to discuss ways to turn policy goals into practical outcomes.</p>
<p>The event comes at a critical moment when India is working toward ambitious national clean energy targets. These include achieving 50% energy from renewables by 2030, installing 500 GW of non-fossil energy capacity, including 450 GW from renewable sources, reducing the carbon intensity of the economy by 45%, cutting projected carbon emissions by one billion tons, and reaching net-zero emissions by 2070.</p>
<p>The Summit will serve as a platform to assess progress on these goals and shape future policy and investment decisions.</p>
<p>The two-day event will feature high-level panel discussions on the implications of recent and upcoming policy shifts, spanning key technologies such as solar, wind, energy storage, and green hydrogen.</p>
<p>Discussions will explore the regulatory landscape, technological innovations, supply chain hurdles, infrastructure development, and the investments necessary to support India’s evolving renewable energy ecosystem.</p>
<p>The event is built around Mercom India’s proprietary research and market intelligence. All sessions are shaped by exclusive data and insights that cover every major renewable energy segment.</p>
<p>Attendees will have the opportunity to hear directly from senior executives, government officials, and investors who are shaping India’s energy landscape. They will be able to exchange ideas, gain insights into the latest technologies and financing strategies, and connect with decision-makers who are driving real-world outcomes.</p>
<p>The Summit will also offer opportunities for industry leaders and participants to network. The 2025 Summit will also host three side events: the fifth Mercom India Awards, the third edition of the Cleantech Startup Pitch Competition, and the inaugural Renewable Energy Exhibition.</p>
<p>The <a href="https://www.mercomindia.com/awards/mercom-india-awards-2025" target="_blank" rel="noopener">Mercom India Awards</a>, recognized as one of the solar industry’s most prestigious accolades, will honor outstanding achievements and spotlight the sector’s transformation.</p>
<p>The <a href="https://www.mercomindia.com/event/startup" target="_blank" rel="noopener">Cleantech Startup Pitch Competition</a> will showcase innovative startups, allowing them to present their novel technologies and solutions to potential investors, fostering further innovation and growth.</p>
<p>The <a href="https://www.mercomindia.com/event/renewables-summit-2025/exhibitor" target="_blank" rel="noopener">Exhibition</a> will feature 50+ leading renewable energy companies showcasing a range of cutting-edge solutions and services, providing a valuable platform for networking and lead generation.</p>
<p><a href="https://www.mercomindia.com/event/renewables-summit-2025/register" target="_blank" rel="noopener">Register now</a> to attend the event and contribute to shaping the future of India’s vibrant renewable energy landscape.</p>


Mercom Renewables Summit Returns for its Fifth Edition in July 2025


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					</table><p>The Madhya Pradesh Power Management Company (<a href="https://www.mppmcl.com/" target="_blank" rel="noopener">MPPMCL</a>) has invited bids to procure 800 MW of wind power from projects set up anywhere in India, with an additional capacity of up to 800 MW under the greenshoe option for 25 years.</p>
<p>Bids must be submitted by July 23, 2025. Bids will be opened on July 25.</p>
<p>Bidders must furnish an earnest money deposit of ₹632,000 (~$7,386) and a document fee of ₹29,500 (~$344).</p>
<p>They must also submit a bid processing fee of ₹500,000 (~$5,844) for projects ranging from 10 MW to 100 MW and ₹ 1.5 million (~$17,531) for those exceeding 100 MW.</p>
<p>Successful bidders must pay a performance bank guarantee of ₹3.1 million (~$36,234)/MW.</p>
<p>They must supply wind power to MPPMCL from already commissioned projects or commission new projects within the stipulated period.</p>
<p>The scope of work also entails the identification of land, project installation, and ownership. Additionally, it involves obtaining connectivity and approvals, as well as interconnection with the interstate transmission system (ISTS) or intrastate transmission system (InSTS) networks to supply power.</p>
<p>Selected bidders will be awarded the total capacity for injection at Madhya Pradesh’s ISTS or InSTS substations. MPPMCL will allocate and tie up additional capacity up to 800 MW under the greenshoe option.</p>
<p>The capacity utilization factor for the wind projects must be at least 22%. Only commercially established and operational technologies must be used to minimize technology risks and ensure the timely commencement of power supply from the projects.</p>
<p>Only wind turbine models listed in the Revised List of Models and Manufacturers must be used.</p>
<p>Bidders must have a minimum net worth of ₹12.6 million (~$147,352.72) during the last three financial years.  They must have an annual turnover of at least ₹6.1 million (~$71,337.43)/MW during the previous financial year.</p>
<p>Recently, Madhya Pradesh Urja Vikas Nigam (MPUVNL) <a href="https://www.mercomindia.com/madhya-pradesh-tenders-1-2-gw-solar-projects-for-agricultural-feeders" target="_blank" rel="noopener">invited</a> bids to develop 1,200 MW of grid-connected solar projects under the feeder solarization component of the Surya Mitra Krishi Feeders program. The power generated will be sold to the MPPMCL.</p>
<p>In February this year, MPUVNL <a href="https://www.mercomindia.com/madhya-pradesh-tenders-1-5-gw-solar-projects-under-kusum" target="_blank" rel="noopener">issued</a> a request for proposal to select renewable energy power generators to set up a cumulative capacity of 1,500 MW solar projects in Madhya Pradesh under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan program.</p>


Madhya Pradesh Issues Tender to Procure 800 MW Wind Power


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					</table><p>The Ministry of Power (<a href="https://powermin.gov.in/" target="_blank" rel="noopener">MoP</a>) has proposed amendments to the guidelines for the tariff-based competitive bidding process to procure power from grid-connected power projects. These revisions apply to solar, wind, wind-solar hybrid, and firm and dispatchable power from renewable energy projects with energy storage systems.</p>
<p><strong>PSA Approval Timeline</strong></p>
<p>According to the proposed amendments, all projects will have a fixed timeline for regulatory approvals.</p>
<p>The amendments would require that when power procurement involves an intermediary agency and the end buyer is a distribution licensee, the latter must obtain regulatory approval for the power sale agreement (PSA) within 30 days of signing it. Such requirements apply to cases where prior approval was not obtained.</p>
<p>These provisions aim to avoid prolonged delays in obtaining regulatory clearance for PSAs. They apply uniformly to all types of renewable projects, including solar, wind, hybrid, and energy storage-linked generation.</p>
<p><strong>SCSD Extensions</strong></p>
<p>In cases where the appropriate regulatory commission fails to approve either the tariff or the PSA within 60 days of submission or 120 days from the date of the PSA, the project developer would be granted an extension for the scheduled commissioning and supply date (SCSD).</p>
<p>The extension would be based on the number of days there is a delay in tariff adoption or PSA approval, whichever is longer. It aims to ensure that developers are not penalized for regulatory inaction.</p>
<p>The government has also clarified that if delays occur in both tariff adoption and PSA approval, the longer of the two delays will be considered when granting the SCSD extension.</p>
<p><strong>PBG Slashed to 3%</strong></p>
<p>The proposed amendments aim to reduce the performance bank guarantee (PBG) requirement to 3% of the estimated cost for the relevant financial year, down from the earlier 5% of the estimated project or capital cost.</p>
<p>The PBG amount will be specified in the bid documents and must be submitted at the time of signing the power purchase agreement. In the case of wind projects, the amount must also conform to the limits specified by the Ministry of Finance.</p>
<p>In February this year, the Ministry <a href="https://www.mercomindia.com/power-ministry-amends-bidding-guidelines-renewable-energy-projects" target="_blank" rel="noopener">introduced</a> several amendments to the competitive bidding guidelines, including compensation mechanisms for failure to meet the minimum capacity utilization factor and location-specific bid requirements.</p>
<p>Subscribe to Mercom’s real-time <a href="https://mercomindia.com/product/mercoms-renewable-energy-regulatory-updates/" target="_blank" rel="noopener">Regulatory Updates </a>to ensure you don’t miss any critical updates from the renewable industry.</p>


MoP Proposes Amendments to Renewable Energy Bidding Guidelines


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					</table><p>Indian companies <a href="https://mercomindia.com/terms-designate-renewable-energy-implementing-agencies#:~:text=Indian%20companies%20registered%20under%20the,rating%20of%20A%20or%20above." target="_blank" rel="noopener">registered</a> under the Companies Act, 2013, and holding a valid Category-I electricity trading license are eligible to become renewable energy implementing agencies (REIA) if they have a net worth exceeding ₹5 billion (~$58.24 million) and a long-term credit rating of A or above. The net worth must exclude revaluation reserves. The company’s Board of Directors must also formally approve the proposal to act as a REIA. To uphold transparency, subsidiaries or group companies of the REIA are barred from participating in its own bidding processes. In the event of ownership changes, mergers, or demergers, the company must continue to meet the eligibility criteria specified in the guidelines.</p>
<p>The Haryana Electricity Regulatory Commission <a href="https://www.mercomindia.com/herc-amends-formula-to-calculate-net-worth-of-qualified-coordinating-agencies" target="_blank" rel="noopener">amended</a> the formula for calculating the net worth criteria for selecting a Qualified Coordinating Agency (QCA), which acts as the intermediary between state load dispatch centres and power generators. The Commission accepted the request of the petitioners, CleanMax and ASK Automotive, to amend the formula for calculating the net worth of QCAs. It stated that the formula for calculating net worth was leading to a double deduction of liabilities.</p>
<p>The Solar Energy Corporation of India <a href="https://www.mercomindia.com/seci-issues-tender-for-3850-kw-solar-projects-at-six-locations" target="_blank" rel="noopener">issued</a> a request for selection to set up 3,850 kW grid-connected rooftop and ground-mounted solar projects at six campuses across New Delhi, Madhya Pradesh, Puducherry, and Meghalaya. Bids must be submitted by July 28, 2025. Bids will be opened on July 31. Apart from installing the solar projects for the client campuses’ use, the scope of work entails their complete design, engineering, supply, storage, civil work, erection, testing, and commissioning. It also involves providing operation and maintenance services for 25 years, as well as net-metering and grid connectivity for the projects.</p>
<p>The New Jersey Board of Public Utilities (NJBPU) <a href="https://www.mercomindia.com/new-jersey-approves-program-to-install-750-mw-of-energy-storage" target="_blank" rel="noopener">approved</a> Phase 1 of the Garden State Energy Storage Program (GSESP) with a target of 1,000 MW of energy storage systems. Under Tranche 1 of Phase 1, the first solicitation aims to award 350-750 MW. The pre-qualification process, which started on June 25, 2025, has a final bid submission deadline of August 20, 2025. The NJBPU expects to issue awards for Tranche 1 by October 31, 2025. GSESP is a multi-phase program designed to deploy 2 GW of energy storage by 2030, a mandate established by the Clean Energy Act of 2018.</p>
<p>China-based solar solutions company LONGi <a href="https://www.mercomindia.com/longi-to-set-up-module-manufacturing-plant-in-indonesia" target="_blank" rel="noopener">launched</a> a solar module manufacturing facility in Delta Mas, Indonesia, located in the West Java region. This facility will be established in collaboration with Pertamina, Indonesia’s state-owned energy company, through its subsidiary, Pertamina New and Renewable Energy. The facility is expected to commence manufacturing preparations this month with an annual production capacity of 1.6 GW. It will utilize LONGi’s Hybrid Passivated Back Contact 2.0 technology to produce high-efficiency modules.</p>


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