The Ministry of New and Renewable Energy in India has announced revisions to the Central Financial Assistance rates for biomass pellet manufacturing units under the National Bioenergy Program. The program, which aims to boost the production of briquettes, pellets, and biomass-based cogeneration in industries, will be active from 2021 to 2026. In a recent notification, the CFA rate for briquettes or pellet manufacturing plants was set at ₹0.9 million per MTPH manufacturing capacity, with a maximum CFA of ₹4.5 million per plant. Concurrently, MyPickup, an electric vehicle ride-hailing startup, successfully raised ₹15 million in seed funding to expand its fleet size, vehicle efficiency, and develop innovative technologies such as an exclusive scheduling algorithm and route optimization system. The company, operating seven electric autorickshaws, serves 45 customers, conducting 800 rides per month, with plans to target large apartment complexes for office and school transportation in various city micro-markets. India's renewable energy sector is rapidly advancing, with opportunities for financing renewable projects as the country pursues ambitious net-zero goals. To address these challenges and opportunities, the 'Mercom India Renewables Summit 2024' in New Delhi will hold discussions on financing the energy transition and scaling up green hydrogen production. The event, scheduled for July 25-26, 2024, will feature a panel discussion titled 'Scaling Green Hydrogen to Build a Competitive Marketplace,' focusing on strategies to make green hydrogen economically viable and stimulate demand from industries like steel manufacturing and oil refining.