Renewable Energy Certificate market has lost its relevance

BRIDGE TO INDIA | 18 February 2019

Something unique happened in the Renewable Energy Certificate (REC) market last month. Prices of solar RECs moved above the specified floor (INR 1,000/ MWh) for the first time ever and touched INR 1,750/ MWh. Non-solar RECs also traded above the floor level at INR 1,500/ MWh…

DISCOM payment delays sapping industry confidence

BRIDGE TO INDIA | 11 February 2019

A DISCOM payment crisis has been building up again in India. The Ministry of Power payments portal shows that outstanding dues increased to INR 410 billion (USD 5.9 billion) by November 2018 (March 2018: INR 250 billion). These numbers are based on limited available data, actual amounts are likely to be much larger…

MNRE refuses to give up on manufacturing

BRIDGE TO INDIA | 04 February 2019

After failure of its flagship 10 GW integrated manufacturing tender, SECI has issued another integrated tender combining project development (3 GW) and module manufacturing (1.5 GW). There are some notable changes over the previous tender. Minimum bid size has been reduced to 1 GW project development…

OPEX market continues to gain share but for how long?

Jyoti Gulia | 31 January 2019

Rooftop solar market in India has seen share of OPEX model increase from barely 2% in 2012 to an estimated 35% as of September 2018. The model is growing rapidly as it is very attractive particularly for the C&I consumers – they make assured cost savings…

Gujarat rides roughshod over developers

BRIDGE TO INDIA | 28 January 2019

Gujarat has cancelled the Banaskantha solar park based 700 MW utility scale solar tender for which an auction was conducted in December 2018. Winning bidders were SB Energy (250 MW, INR 2.84/ kWh), Fortum (250, 2.89) and Engie (200, 2.89).  Reason for cancellation is same as ever and arbitrary…

General elections to slow things down but no retreat for RE

BRIDGE TO INDIA | 21 January 2019

India’s general elections are around the corner. Scheduled date is May and final detailed time-table should be announced soon around early March. There is emerging consensus that no single party is likely to return with majority in the parliament. The increasing possibility…

Sense of déjà vu as RE tenders soar again

BRIDGE TO INDIA | 14 January 2019

In the last six weeks starting December 2018, 22 utility scale tenders aggregating 15,453 MW of capacity have been issued for wind and solar power projects in India. This spree has come as MNRE…

Blockchain adoption needs significant policy shift

Tanmay Sardana | 14 January 2019

The state of Uttar Pradesh is gearing up to apply blockchain technology to the energy sector. In October 2018, UPERC, the state regulator, organized a conference on creation of an eco-system using blockchain technology to explore…

Five charts summarising RE development in 2018

Surbhi Singhvi | 14 January 2019

2018 was the first year to see a dip in RE capacity addition in India. The highest reduction was in wind (-52%), followed by utility scale solar (-29%) but rooftop solar continued to grow healthily (+73%)…

Can ‘power for all’ turn into a reality?

BRIDGE TO INDIA | 07 January 2019

The Indian government’s revised deadline for providing universal electricity access to all households under the SAUBHAGYA scheme lapsed on 31 December, 2018. The scheme portal shows that 24 million households, 97% of the revised target, have been electrified…

The curious case of central and state government tender mix

Sangeetha Suresh | 31 December 2018

MNRE is reported to have asked states to proactively issue more RE tenders and reduce dependence on central government agencies. MNRE’s advice states that states are better positioned to structure tenders based on their price expectations, offtake requirements and RPO obligations…

2018 – one step forward, two steps backward

BRIDGE TO INDIA | 17 December 2018

As 2018 comes to an end, we take stock of the progress made by the RE sector in the year. After finishing 2017 on a record high, total capacity addition is expected to fall by 32%. The fall is most notable in wind (down 46%), followed by utility scale solar…

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