RPO target too steep for most states
20 March 2023 | BRIDGE TO INDIA
Uttarakhand has become the latest state to accept the Ministry of Power’s (MOP) revised RPO target of 43.33% by FY 2030. Six other states including Himachal Pradesh, Rajasthan, Haryana, Punjab, Chhattisgarh and Madhya Pradesh have already done so. Himachal Pradesh and Madhya Pradesh have issued final regulations whereas other states are still at draft stage…
I-RECs gaining traction but challenges remain
13 March 2023 | BRIDGE TO INDIA
International Renewable Energy Certificates (I-RECs) are becoming more popular in India. In 2022, new projects aggregating 1 GW capacity were registered under the scheme outpacing registrations under the Indian REC scheme for the second year in a row. Aggregate registered capacity has now touched 3.7 GW, split between solar, wind and hydro power…
Government releases 500 GW transmission plan
06 March 2023 | BRIDGE TO INDIA
CEA has released a transmission network plan to enable cumulative renewable power capacity of 500 GW by March 2030. Setting aside previously announced schemes, the plan envisages further network expansion for evacuating 253 GW renewable capacity together with 51.5 GW battery…
BRIDGE TO INDIA – India RE Policies Update – January 2023
This video presents a summary of major policy and regulatory developments in January 2023.
India Solar Rooftop Map | December 2022
India Solar Rooftop Map is an info-graphic report providing a snapshot of rooftop solar market in India – capacity addition across states and consumer segments, market share of leading players and other key trends.
India Corporate Renewable Market
India’s corporate renewable market is becoming more vibrant with strong demand, policy and technology levers. Driven by net zero targets and investor mandates, corporate consumers are rushing to adopt more renewable power.
Net Zero Roadmap for Corporates in India
The role of corporate entities, responsible for around half of India’s total energy consumption, is vital in meeting decarbonisation targets. Corporate entities are increasingly facing pressure from policy makers, consumers and investors to take climate action and define a roadmap for complete decarbonisation. Figure: Different sources of industrial emissions, 2016 Source:...
BRIDGE TO INDIA – India RE Tenders Update – January 2023
This video presents a summary of major sector developments including tender issuance and auctions in January 2023.
Positive surprise on DISCOM dues
27 February 2023 | BRIDGE TO INDIA
In an unexpected positive development for the renewable sector, DISCOM dues have been coming down steadily over the last seven months. PRAAPTI portal, maintained by the Ministry of Power, reports DISCOM overdues (amounts outstanding past their due date) coming down from INR 1,367 billion in July 2022 to INR 288 billion at present, a fall of 79%. The fall is seen...
Government blinks on ALMM
20 February 2023 | BRIDGE TO INDIA
The Power Minister has announced that the government is planning to waive ALMM requirement for two years because of lack of sufficient domestic manufacturing capacity. A final notification is expected shortly. It is not clear as yet if the requirement will be waived for all projects or only projects tendered by government...
Non-solar power dominates exchange trading
13 February 2023 | BRIDGE TO INDIA
Renewable power trading on the exchanges grew strongly in 2022 with total volume up 60% YOY to 7,397 GWh. One clear trend in the market was increasing preference for non-solar power, which accounted for 72% of total volume and bulk of total growth. Non-solar power also enjoyed a 28% price premium over solar power – average price of INR 6.35/ kWh vs INR 4.98/ kWh respectively – on the Green...
Wind OEMs passing risks to project developers
06 February 2023 | BRIDGE TO INDIA
Slowing growth and mounting execution risks have had a disastrous impact on financial health of wind turbine manufacturers. FY 2022 operational income for Inox Wind and Suzlon, two of India’s biggest OEMs, was down by 86% and 31% respectively in comparison to FY 2016 numbers. Both companies have been consistently reporting losses since FY 2018. Alongside other smaller OEMs, they have had to...
BRIDGE TO INDIA – India RE Policies Update – December 2022
03 February 2023 | BRIDGE TO INDIA
This video presents a summary of major policy and regulatory developments in December 2022.
Peak power tenders gaining traction
30 January 2023 | BRIDGE TO INDIA
MSEDCL recently concluded auction for its 250 MW peak power tender issued in August 2022. Tariff for daytime power (10 AM-6 PM) was fixed at INR 2.42/ kWh and bidders were required to quote a tariff for supply during remaining hours (6 PM-10 AM). There were four bidders – Ayana (150 MW) and NTPC (250 MW) quoted the lowest tariff...
New deviation penalty regime bites the sector
23 January 2023 | BRIDGE TO INDIA
CERC, the central power sector regulator, has issued an order capping base penalty rate under Deviation Settlement Mechanism (DSM) at INR 12/ kWh for both power producers and consumers. Earlier, the base rate was set at maximum of weighted average price discovered on power exchanges and weighted average ancillary service charge. The change came in response to reports of around 20% increase in...