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

Mercom to host its Fifth Renewables Summit in July 2025

July 1, 2025

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The Ministry of New and Renewable Energy revised 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.

Mercom India’s fifth edition of its flagship event, the Mercom India Renewables Summit, will be held 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.

The Gujarat Electricity Regulatory Commission granted 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.

INOXGFL Group’s subsidiary Inox Neo Energies completed 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.

Waaree Solar Americas, a wholly owned subsidiary of Waaree Energies, received 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.

Independent renewable energy producer Juniper Green Energy filed 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.

The Ministry of Power 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. 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.

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