COP26: Vague promises, missed opportunity
22 November 2021 | BRIDGE TO INDIA
COP26 concluded on 13 November, 2021 with bitter disappointment. The conference was expected to provide a firm roadmap for cutting carbon emissions after the tentative goals agreed in Paris in 2015. But there were no binding commitments on emissions...
COP26: Vague promises, missed opportunity
22 November 2021 | BRIDGE TO INDIA
COP26 concluded on 13 November, 2021 with bitter disappointment. The conference was expected to provide a firm roadmap for cutting carbon emissions after the tentative goals agreed in Paris in 2015. But there were no binding commitments on emissions...
First battery storage tender needs to be restructured
15 November 2021 | BRIDGE TO INDIA
SECI has issued a first of its kind standalone battery storage tender for 500 MW/ 1,000 MWh capacity. Tendered capacity is split into two projects of 250 MW/ 500 MWh capacity each to be set up in Rajasthan near Fatehgarh inter-state transmission substation...
First battery storage tender needs to be restructured
15 November 2021 | BRIDGE TO INDIA
SECI has issued a first of its kind standalone battery storage tender for 500 MW/ 1,000 MWh capacity. Tendered capacity is split into two projects of 250 MW/ 500 MWh capacity each to be set up in Rajasthan near Fatehgarh inter-state transmission substation...
Surprise bidders in the solar module PLI scheme
08 November 2021 | BRIDGE TO INDIA
Last week, IREDA opened bids received under Production-Linked Incentive (PLI) scheme for solar module manufacturing. Jindal (bid capacity 4 GW, PLI bid of INR 13.9 billion), Shirdi Sai (4 GW, INR 18.8 billion), Reliance (4 GW, INR 19.2 billion) and Adani (4 GW, INR 36 billion) are the top bidders based on their technical score – computed using assigned...
Surprise bidders in the solar module PLI scheme
08 November 2021 | BRIDGE TO INDIA
Last week, IREDA opened bids received under Production-Linked Incentive (PLI) scheme for solar module manufacturing. Jindal (bid capacity 4 GW, PLI bid of INR 13.9 billion), Shirdi Sai (4 GW, INR 18.8 billion), Reliance (4 GW, INR 19.2 billion) and Adani (4 GW, INR 36 billion) are the top bidders based on their technical score – computed using assigned...
RTC auction rendered pointless
31 October 2021 | BRIDGE TO INDIA
Last week, SECI concluded auction for procuring 2.5 GW round-the-clock (RTC) power. The tender mandates that at least 51% of power shall be supplied by a combination of solar and wind sources including storage while the balance may come from any one non-renewable source....
RTC auction rendered pointless
31 October 2021 | BRIDGE TO INDIA
Last week, SECI concluded auction for procuring 2.5 GW round-the-clock (RTC) power. The tender mandates that at least 51% of power shall be supplied by a combination of solar and wind sources including storage while the balance may come from any one non-renewable source....
India Renewables Outlook 2024
India has announced ambitious renewable targets but progress is lagging significantly. There is a disconnect between government targets and various operational, financial and regul...
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India Solar Compass Q2 2021
This report provides a detailed update of all key sector developments and trends in the quarter – capacity addition, leading players, tender and policy announcements, equipment p...
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India Renewable Map | June 2021
India’s total utility scale solar and wind capacity reached 77,082 MW by 30 June 2021. New capacity addition in the last 12 months was 6,530 MW, up only 3% y-o-y. Total project p...
DownloadReliance sets the pace in clean energy
25 October 2021 | BRIDGE TO INDIA
Following up on its mega announcement in June, Reliance Industries (Reliance) has completed a series of acquisitions and investments heralding its entry in the clean energy sector. The company has: a) acquired 100% stake in Norway-headquartered solar panel manufacturer REC for an enterprise value of...
Reliance sets the pace in clean energy
25 October 2021 | BRIDGE TO INDIA
Following up on its mega announcement in June, Reliance Industries (Reliance) has completed a series of acquisitions and investments heralding its entry in the clean energy sector. The company has: a) acquired 100% stake in Norway-headquartered solar panel manufacturer REC for an enterprise value of...
Power sector needs to brace for turbulent times
17 October 2021 | BRIDGE TO INDIA
India is reeling from a power crisis, which no one saw coming even as recently as two weeks ago. A mix of various factors including jump in demand following post-COVID economic recovery, depressed renewable power output, fall in domestic coal production and spike in international...
Power sector needs to brace for turbulent times
17 October 2021 | BRIDGE TO INDIA
India is reeling from a power crisis, which no one saw coming even as recently as two weeks ago. A mix of various factors including jump in demand following post-COVID economic recovery, depressed renewable power output, fall in domestic coal production and spike in international...
“Perfect storm” highlights fragility of global economic order
08 October 2021 | BRIDGE TO INDIA
It has been described as the perfect storm. A mix of global economic rebound after COVID demand slump and trade disruptions has sent energy prices skyrocketing. International prices for coal (USD 150/ tonne), natural gas (USD 5.7/ MMBTU) and crude oil...
“Perfect storm” highlights fragility of global economic order
08 October 2021 | BRIDGE TO INDIA
It has been described as the perfect storm. A mix of global economic rebound after COVID demand slump and trade disruptions has sent energy prices skyrocketing. International prices for coal (USD 150/ tonne), natural gas (USD 5.7/ MMBTU) and crude oil...
Shorter PPAs need of the times
03 October 2021 | BRIDGE TO INDIA
The Ministry of Power is proposing to gradually move away from long-term PPAs and introduce medium and short-term contracts in the market. A committee has been set up to examine feasibility of changes in PPA tenure and relevant changes in payment security mechanism and other contractual provisions...
Shorter PPAs need of the times
03 October 2021 | BRIDGE TO INDIA
The Ministry of Power is proposing to gradually move away from long-term PPAs and introduce medium and short-term contracts in the market. A committee has been set up to examine feasibility of changes in PPA tenure and relevant changes in payment security mechanism and other contractual provisions...
India Renewable Power Tenders and Policies Update – August 2021
01 October 2021 | BRIDGE TO INDIA
This video presents a summary of major sector developments including tender issuance, auctions, policy and regulatory developments, financial deals and related market trends in August 2021.
India Renewable Power Tenders and Policies Update – August 2021
01 October 2021 | BRIDGE TO INDIA
This video presents a summary of major sector developments including tender issuance, auctions, policy and regulatory developments, financial deals and related market trends in August 2021.
Solar becomes the milch cow
26 September 2021 | BRIDGE TO INDIA
The GST Council, an inter-governmental decision-making body headed by India’s Finance Minister, has recommended an increase in levy of GST (Goods and Services Tax) on all renewable energy “devices and parts” from 5% to 12%. The increase is expected to be ratified by the Union Cabinet shortly and become applicable from 1 October 2021....
Solar becomes the milch cow
26 September 2021 | BRIDGE TO INDIA
The GST Council, an inter-governmental decision-making body headed by India’s Finance Minister, has recommended an increase in levy of GST (Goods and Services Tax) on all renewable energy “devices and parts” from 5% to 12%. The increase is expected to be ratified by the Union Cabinet shortly and become applicable from 1 October 2021....
Green bonds offer relief but risks loom
20 September 2021 | BRIDGE TO INDIA
In the last three months, five Indian developers have raised a total of USD 1.7 billion through green bonds. Adani Green raised USD 750 million priced at 4.30% with maturity of three years. Acme completed its first issuance with USD 334 million of bonds priced...
Green bonds offer relief but risks loom
20 September 2021 | BRIDGE TO INDIA
In the last three months, five Indian developers have raised a total of USD 1.7 billion through green bonds. Adani Green raised USD 750 million priced at 4.30% with maturity of three years. Acme completed its first issuance with USD 334 million of bonds priced...
Maharashtra, Gujarat and Uttar Pradesh to drive sector growth
13 September 2021 | BRIDGE TO INDIA
Since January 2021, Maharashtra has issued five renewable power tenders with total capacity of 3.3 GW. In the same time, Gujarat has issued seven tenders with total capacity...
Maharashtra, Gujarat and Uttar Pradesh to drive sector growth
13 September 2021 | BRIDGE TO INDIA
Since January 2021, Maharashtra has issued five renewable power tenders with total capacity of 3.3 GW. In the same time, Gujarat has issued seven tenders with total capacity...
