Mudit Jain | 19 April 2018

A solar power plant rarely produces nameplate capacity power as solar modules operate at their maximum efficiency only during limited peak hours. It has therefore become routine industry practice to over-size DC module capacity, a concept commonly kn...

Mudit Jain | 21 March 2018

Share of string inverters in the Indian solar market is increasing rapidly. It went up from only 1% until 2016 to 9% in 2017 for new utility scale solar capacity commissioned. We expect the trend to accelerate even further in the coming......

Mudit Jain | 13 February 2018

On 22nd January this year, the US government imposed 30% safeguard duty on imported solar cells and modules. The duty has been imposed for four years but will reduce by 5% every year. First 2.5 GW of imports every year shall be exempted from duties. As per WTO laws, imports from specified developing countries shall also be exempt from duties up to 3% of ‘total imports’ for individual countrie...

Mudit Jain | 29 December 2017

Three major auctions were completed last week – two for solar projects by SECI (Bhadla solar park 500 MW and 250 MW respectively) and one for wind projects by Gujarat Urja Vikas Nigam (GUVNL, fully owned by Gujarat government) (500 MW). The solar projects were won by Hero Future (300 MW), Softbank (200 MW), Azure (200 MW) and ReNew (50 MW) at tariffs between INR 2.47-2.49/ kWh (USD 0.04), a very...

Mudit Jain | 15 February 2017

The Union Budget of India for financial year 2017-18 was presented last week. The Indian budget making exercise is somewhat unique as it is seen as setting the tone for major government policy and reform agenda rather than merely a record of financial book-keeping. From that perspective, the budget was a disappointment as it didn’t break any new ground for the renewable sector. It included a mix...

Mudit Jain | 18 February 2016

The Ministry of New and Renewable Energy (MNRE) has been keen to introduce Dollar denominated bidding for solar projects. The rationale is to eliminate currency risk for international developers and manage this on aggregate basis thereby reducing the solar tariffs. When the concept was first mooted in the second quarter of 2015, the solar tariffs in India were in the range of INR 6.00 – 6.50/kWh...

Mudit Jain | 30 April 2015

Solar Energy Corporation of India (SECI) has released an Expression of Interest (EOI) for Engineering, Procurement and Construction (EPC) for 2,000 MW of solar PV[1A]. The EOI envisages multiple projects of 250 MW or 500 MW each. EPC companies can form a consortium to bid for this opportunity. This is the first time that SECI is assuming the role of project developer.  It is not clear why SECI...

Mudit Jain | 22 April 2015

The Indian government has upgraded the target of solar capacity from 20 GW to 100 GW by 2022. Of this, 60 GW are to be from ground-based projects. A key bottleneck for achieving this target is suitable land. Many developers believe that the single biggest factor for delay in project execution is the time-consuming process of land identification and acquisition. Even the government’s own plans fo...

Mudit Jain | 14 January 2015

The revised guidelines have been issued for implementation of tranche-I of batch II under phase II of NSM for 3,000 MW (see here). The development of the solar park in Andhra Pradesh is delayed due to land acquisition challenges. The delay has hampered the plan of Ministry of New and Renewable Energy (MNRE) to complete project allocation by March 2015. With the increased targets and strict deadlin...

Mudit Jain | 06 December 2014

India’s new government has been very bullish on growing solar. Plans are underway to revise the National Solar Mission (NSM) target to 100 GW by 2022. There is a lively debate in the industry about the achievability of the targets and about the best ways to reach them. Now, it transpired that the Ministry of New and Renewable Energy (MNRE) wants to increase solar Renewable Purchase Obligation (R...

Mudit Jain | 03 December 2014

India’s new government is revamping the National Solar Mission (NSM). The target has been revised to 100 GW by 2022 from the originally envisaged 20 GW. Based on unconfirmed information, 30 GW has been earmarked to come from distributed generation. This target is very ambitious, considering the fact that India’s current distributed solar capacity is only 285 MW, which is less than 1% of the ta...

Mudit Jain | 12 November 2014

Uttarakhand has opened the financial bid for a 30 MW tender which was floated in August’14. Despite the projects lacking scale advantage, Redwood projects has quoted a highly aggressive bid of INR 6.85/kWh for a 1 MW project. This bid is the lowest and is INR 0.71/kWh below the next bid. Overall, the median winning bid is INR 7.75/kWh, which is 12% higher than the median winning bids in Karnatak...