RE market forced to consolidate through the primary route

BRIDGE TO INDIA | 13 November 2018

In the first nine months of this year, 10,081 MW of utility scale solar capacity has been auctioned, up nearly 70% over the entire year 2016. A close look at the auction results shows some very interesting…

Sputtering RE needs decisive government help

BRIDGE TO INDIA | 05 November 2018

India added total solar and wind capacity of 2,074 MW (up 70% over previous quarter) in Q3 2018. Total installed capacity reached 61.1 GW on 30 September 2018 – including 23.2 GW utility solar, 3.4 GW rooftop solar and 34.5 GW wind…

Solar sector faces growing water risk

VINAY RUSTAGI | 30 October 2018

India’s solar sector is growing rapidly – total installed capacity has risen from just 1 GW in 2012 to over 25 GW at present and is expected to go up by over 10 GW every year. Fast growth and concentration in water-stressed areas exposes solar to growing water risks…

RE debt financing gets tougher

BRIDGE TO INDIA | 29 October 2018

RE projects are facing increasing financing challenges. Liquidity in the Indian financial system has dried up considerably pushing up cost of debt finance by 1.0-1.5% over last year. To make matters worse, we understand that most private banks and non-banking finance…

Impressions from an international module conference

VINAY RUSTAGI | 25 October 2018

I attended one of the world’s leading solar module industry events – PV ModuleTech in Penang, Malaysia – this week. There were about 200 participants from across the world including mainly all leading module manufacturers, various testing agencies…

Solar sector needs robust quality standards

Surbhi Singhvi | 23 October 2018

A recent report by PI Berlin, supported by MNRE, NISE, SECI and KFW, has highlighted major risks facing Indian PV projects – sub-optimal design, inadequate EPC contracts, poor installation and lack of proper maintenance. The study confirms longstanding concerns…

NTPC jumps into the bidding arena

BRIDGE TO INDIA | 22 October 2018

Uttar Pradesh conducted auction for its 500 MW utility scale solar tender on 10 October 2018. Winning tariffs came at between INR 3.17-3.23/ kWh (USD cents 4.4). Capacity was won by NTPC (160 MW), Adani (100 MW), Sukhbir Agro, Eden, Solar Arise…

One more extension for the 10 GW integrated solar tender

BRIDGE TO INDIA | 15 October 2018

SECI has again extended bid submission date for the 10 GW integrated project development and module manufacturing tender. Revised date is 12 November, 2018. This is the fifth such extension after another round of poor response from the industry. We understand that many developers…

GST problems refuse to go away

BRIDGE TO INDIA | 08 October 2018

Central Electricity Regulatory Commission (CERC) has issued its final decision in response to appeals filed by Adani and Azure against NTPC and SECI respectively for ‘change in law’ compensation claims arising from GST implementation. It has opined that implementation…

Renewable energy – going through a period of peaks and troughs

Arti Mishra Saran | 03 October 2018

Total utility- scale solar and wind installed capacity reached 58 GW on September 30, 2018. Solar and wind capacity individually stood at 24 GW and 34 GW respectively. Last 12 months were notable for exponential surge in tender announcement. 46 GW of solar and wind tenders were announced in between…

Spot price spike unlikely to have any impact on solar power

BRIDGE TO INDIA | 01 October 2018

Spot prices for power on the energy exchange in India touched an all-time high of INR 17.61/ kWh (USD cents 24) last week. Average daily price on October 1, 2018 shot up to INR 7.64 (USD cents 11), about 150% higher than average…

Tamil Nadu issues a ‘feel good’ draft solar policy

SAI NANDAMURI | 27 September 2018

Tamil Nadu Energy Development Authority (TEDA) has released a draft solar policy for comments. The draft policy envisions a total installed capacity of 8,884 MW by 2022; 40% (3,553 MW) of this capacity is expected to be added by rooftop solar systems. Key proposed provisions in the policy…

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