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India to add 1,065 MW of solar PV capacity in the next financial year.

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BRIDGE TO INDIA is the leading boutique consultancy and knowledge provider in the Indian cleantech market. We work with leading Indian and international companies, governments and institutions. Through our different activities, we have a unique vantage point on the market dynamics, combining the comprehensive, constantly updated 360 degree view of our market intelligence, the in-depth analysis of our consulting efforts and the on-ground understanding from project development. Our goal is to enable innovative cleantech solutions in India.

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On Sunday, 5th June 2015, one of India’s leading economic journalists, Swaminathan Aiyar, in his weekly column “Swaminomics”, wrote that India should wait for five years before trying to implement big plans for solar (refer). He argues that solar is still a comparatively expensive energy generation technology and that because India is an evening peak country, increasing the share of solar would be a “double whammy”, by driving up indirect costs for thermal, peak power generating sources. As a result, he concludes, India should go all out on solar only after it is fully established that the cost breakthrough has been achieved and the technology is more mature. While there are interesting insights in the article, we disagree with his conclusions. Here is why.

  • Solar costs are not as high as Swami claims. In fact, upcoming NSM bids will show that it’s neck to neck with new thermal projects.
  • India is an evening peak country right now but as the economy develops the peak will move into the daytime (cooling).
  • Global investors already see the social and economic appeal of solar and are moving out from coal to the sector.

FULL STORY






Last week, the Cabinet Committee on Economic Affairs, chaired by the Prime Minister formally gave its approval for stepping up India’s solar power capacity target to 100 GW by 2022 (refer). The press release included some bold policy ideas to achieve the goal. They include: making 10% rooftop solar mandatory under a scheme to be formulated and announced by the Ministry of Urban Development (this is still an idea that may or may not become a policy) and setting up industrial parks for manufacturing solar PV components. Apart for the new policy targets, the cabinet also gave its approval for implementing 2 GW of utility scale projects under a viability gap funding mechanism (refer). This is a part of the 7 GW to be allocated by SECI.

  • India’s cabinet approves the 100 GW solar plan
  • A provision for mandatory renewables for buildings is planned
  • There will also be industrial parks for manufacturing solar components

FULL STORY






The past financial year has seen a marked uptake in solar activities in India with new capacity installations and many new allocations and policy announcements. Rajasthan has emerged as a preferred investment choice and will likely remain so in the coming years. Please download our free India Solar Handbook 2015 for more information (LINK).

  • From Jan 2015 till date, nearly 1.1 GW of utility scale solar capacity has been added in India and another 75 MW capacity was added through rooftop installations
  • Out of this 1.1 GW, 555 MW was added under NSM Phase II Batch I; the remaining under different state policies
  • The top three states in terms of capacity addition in the last year were Rajasthan (295 MW), Madhya Pradesh (220 MW) and Punjab (167 MW) FULL STORY






Last week, BRIDGE TO INDIA released the yearly India Solar Handbook (2015 edition) at InterSolar, Munich (download the report here). While the report examines various aspects of the Indian solar market, one of the most commonly asked questions that it tries to answer is: How much solar will India really install?

  • BRIDGE TO INDIA expects the solar market in India might fall short of the government’s ambitions but the good news is that the market will still grow at an impressive pace
  • We expect India to realistically have around 31 GW of installed solar capacity by 2019
  • Of this 31 GW, we expect 27 GW to come from utility scale projects and 4 GW from rooftop projects     FULL STORY






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