BRIDGE TO INDIA


Solar park scheme simplified and downscaled   
23 April 2019 |

In March this year, MNRE introduced significant changes to the government’s solar park scheme. The amendment envisages SECI acting as the solar park developer and paring down the scope of services to bare bones land and external transmission infrastructure. Internal transmission and all other infrastructure facilities...

Solar park scheme simplified and downscaled   
23 April 2019 |

In March this year, MNRE introduced significant changes to the government’s solar park scheme. The amendment envisages SECI acting as the solar park developer and paring down the scope of services to bare bones land and external transmission infrastructure. Internal transmission and all other infrastructure facilities...


Financially weak DISCOMs the darkest cloud on the horizon   
16 April 2019 |

In November 2015, the Indian government announced UDAY scheme to restructure DISCOM balance sheets and address persistent concerns about their poor bankability. The scheme, the third such restructuring package for DISCOMs in the last seventeen years, was supposIn November 2015, the Indian government announced UDAY scheme to restructure DISCOM balance sheets and address persistent concerns...

Financially weak DISCOMs the darkest cloud on the horizon   
16 April 2019 |

In November 2015, the Indian government announced UDAY scheme to restructure DISCOM balance sheets and address persistent concerns about their poor bankability. The scheme, the third such restructuring package for DISCOMs in the last seventeen years, was supposIn November 2015, the Indian government announced UDAY scheme to restructure DISCOM balance sheets and address persistent concerns...


Bold vision but half-baked implementation   
10 April 2019 |

Last three months have seen frantic activity in the renewable energy sector. Many new policies – SRISTI and KUSUM, FAME, storage, ALMM – and tenders aggregating 30 GW were rushed in the last quarter but we now have a relatively quiet six week period until the last votes are cast on 19 May 2019. We will use this period to take stock of…

Bold vision but half-baked implementation   
10 April 2019 |

Last three months have seen frantic activity in the renewable energy sector. Many new policies – SRISTI and KUSUM, FAME, storage, ALMM – and tenders aggregating 30 GW were rushed in the last quarter but we now have a relatively quiet six week period until the last votes are cast on 19 May 2019. We will use this period to take stock of…


MNRE issues a new 12,000 MW scheme to promote domestic manufacturing   
02 April 2019 |

In early March 2019, MNRE finally launched the much-awaited 12,000 MW PSU scheme to promote domestic manufacturing. The scheme envisages majority government-owned entities to set up projects using domestically procured cells and modules for consumption of power in-house or sale to other government entities excluding DISCOMs. MNRE is offering an incentive in the form of ...

MNRE issues a new 12,000 MW scheme to promote domestic manufacturing   
02 April 2019 |

In early March 2019, MNRE finally launched the much-awaited 12,000 MW PSU scheme to promote domestic manufacturing. The scheme envisages majority government-owned entities to set up projects using domestically procured cells and modules for consumption of power in-house or sale to other government entities excluding DISCOMs. MNRE is offering an incentive in the form of ...


Hydro power likely to remain a fringe resource   
25 March 2019 |

India’s central government recently approved some changes to promote large hydro power (capacity > 25 MW). The changes include designation of large hydro as renewable power, a sub-limit for new hydro power purchase obligation (HPO) within RPO (targets yet to be determined) and measures to make it more affordable. There is also a provision for...

Hydro power likely to remain a fringe resource   
25 March 2019 |

India’s central government recently approved some changes to promote large hydro power (capacity > 25 MW). The changes include designation of large hydro as renewable power, a sub-limit for new hydro power purchase obligation (HPO) within RPO (targets yet to be determined) and measures to make it more affordable. There is also a provision for...


Policy reversals threaten private sale of renewable energy   
19 March 2019 |

DISCOMs across India are increasingly railing against private procurement of renewable energy. Following Uttar Pradesh’s recent decision to cancel net metering for C&I consumers, Andhra Pradesh and Haryana have withdrawn most incentives provided to open access solar power. And Maharashtra State Electricity Distribution Company (MSEDCL), India’s largest...

Policy reversals threaten private sale of renewable energy   
19 March 2019 |

DISCOMs across India are increasingly railing against private procurement of renewable energy. Following Uttar Pradesh’s recent decision to cancel net metering for C&I consumers, Andhra Pradesh and Haryana have withdrawn most incentives provided to open access solar power. And Maharashtra State Electricity Distribution Company (MSEDCL), India’s largest...


Indian RE increasingly dependent on foreign capital   
11 March 2019 |

A quick look at the profile of winning bidders in utility scale wind and solar auctions over last three years throws some pointed results. The role of international investors – utilities, developers and financial investors (pension funds, sovereign wealth funds, PE funds) – is becoming more critical. Their combined share has gone up steadily from 32% in 2016 to 65%…

Indian RE increasingly dependent on foreign capital   
11 March 2019 |

A quick look at the profile of winning bidders in utility scale wind and solar auctions over last three years throws some pointed results. The role of international investors – utilities, developers and financial investors (pension funds, sovereign wealth funds, PE funds) – is becoming more critical. Their combined share has gone up steadily from 32% in 2016 to 65%…


A draconian approach to solve quality problems?   
04 March 2019 |

MNRE recently issued a notification to create an “Approved List of Models and Manufacturers” of PV cells and modules in India. The notification states that all solar projects set up under any form of government scheme or programme would be required to procure cells and modules from the approved list. It would be effective from April 2020 onwards and approvals…

A draconian approach to solve quality problems?   
04 March 2019 |

MNRE recently issued a notification to create an “Approved List of Models and Manufacturers” of PV cells and modules in India. The notification states that all solar projects set up under any form of government scheme or programme would be required to procure cells and modules from the approved list. It would be effective from April 2020 onwards and approvals…


Cabinet approval for rooftop and rural solar schemes means little   
24 February 2019 |

Last week, India’s Cabinet Committee on Economic Affairs finally issued its approval for two signature policy schemes announced by the government more than a year ago. The two schemes – SRISTI, covering rooftop solar and KUSUM, covering agriculture solar – are ambitious. The target is to add total distributed solar capacity of approximately 36,000 MW...

Cabinet approval for rooftop and rural solar schemes means little   
24 February 2019 |

Last week, India’s Cabinet Committee on Economic Affairs finally issued its approval for two signature policy schemes announced by the government more than a year ago. The two schemes – SRISTI, covering rooftop solar and KUSUM, covering agriculture solar – are ambitious. The target is to add total distributed solar capacity of approximately 36,000 MW...


Gujarat rides roughshod over developers   
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 – the winning tariffs are “too high.” Main reason for high…

Gujarat rides roughshod over developers   
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 – the winning tariffs are “too high.” Main reason for high…


General elections to slow things down but no retreat for RE   
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 seems one of a highly fractured verdict and a weak coalition government. This is giving rise to fears…

General elections to slow things down but no retreat for RE   
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 seems one of a highly fractured verdict and a weak coalition government. This is giving rise to fears…


Sense of déjà vu as RE tenders soar again   
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 announced a revised plan in December 2018 to issue tenders for an aggregate capacity of 80,000 MW by March 2020 – equivalent to a phenomenal monthly…

Sense of déjà vu as RE tenders soar again   
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 announced a revised plan in December 2018 to issue tenders for an aggregate capacity of 80,000 MW by March 2020 – equivalent to a phenomenal monthly…


Can ‘power for all’ turn into a reality?   
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 since October 2017. The only states yet to achieve 100% electrification – Rajasthan...

Can ‘power for all’ turn into a reality?   
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 since October 2017. The only states yet to achieve 100% electrification – Rajasthan...


2018 – one step forward, two steps backward   
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 (down 36%). In contrast, rooftop solar has grown by about…

2018 – one step forward, two steps backward   
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 (down 36%). In contrast, rooftop solar has grown by about…


Maharashtra bets on agriculture feeder projects   
10 December 2018 |

Last year, the state government of Maharashtra had announced a solar agriculture feeder scheme with the aim to solarise such feeders across the state. Under the scheme, developers would be selected through competitive bidding for project sizes up to 50MW. They would sign fixed-price PPA’s with Maharashtra State Electricity Distribution Company Limited, the state DISCOM, for 25 years. Project sizes…

Maharashtra bets on agriculture feeder projects   
10 December 2018 |

Last year, the state government of Maharashtra had announced a solar agriculture feeder scheme with the aim to solarise such feeders across the state. Under the scheme, developers would be selected through competitive bidding for project sizes up to 50MW. They would sign fixed-price PPA’s with Maharashtra State Electricity Distribution Company Limited, the state DISCOM, for 25 years. Project sizes…


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