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 u...

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 opin...

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 for last year. Tradin...

BRIDGE TO INDIA | 24 September 2018

Hongkong’s CLP Group has agreed to sell 40% equity stake in its Indian subsidiary, CLP India, to CDPQ, a Canadian pension fund. Meanwhile, Engie has also offered a 50% equity stake to STOA, a French institutional investor, in its wind business in ...

BRIDGE TO INDIA | 21 September 2018

The Ministry of Power has proposed a number of progressive ideas for the electricity sector in the form of draft amendments to the National Electricity Act and National Tariff Policy. Proposed amendments include obligating DISCOMs to supply 24X7 powe...

BRIDGE TO INDIA | 10 September 2018

MNRE recently advised SECI to revise ceiling tariff downwards in new utility scale solar tenders to INR 2.68 (2.50 without any safeguard duty), a reduction of over 8% on the prevailing level of INR 2.93. The recent 10,000 MW integrated manufacturing ...

BRIDGE TO INDIA | 03 September 2018

SECI has made several amendments to its RFS for the integrated project development and module manufacturing tender. The big change is reduction in manufacturing capacity from 5 GW to 3 GW. MNRE received strong representations from the private sector....

BRIDGE TO INDIA | 27 August 2018

702 MW of new utility scale solar power generation capacity was commissioned in Q2 2018 taking total installed capacity to 24,941 MW on June 30, 2018. Capacity addition was 11% below our estimate and 60% below the scheduled commissioning target. It w...

BRIDGE TO INDIA | 20 August 2018

In December last year, SECI announced an EOI for 10 GW of floating solar projects, which was later adopted into the government’s revised 227 GW RE target for March 2022. Several large floating solar projects have been announced subsequently over th...

BRIDGE TO INDIA | 13 August 2018

Maharashtra State Electricity Distribution Company (MSEDCL), Maharashtra’s largest DISCOM, has proposed a series of measures to counter growth of rooftop solar in its latest petition to the state regulator. The proposed measures include: i) shif...

BRIDGE TO INDIA | 06 August 2018

SECI has cancelled 2,400 MW of the 3,000 MW solar tender for which an auction was completed about three weeks ago. Capacity was won by Acme (600 MW, INR 2.44/ kWh), Azure (300 MW, 2.64), Canadian Solar (200 MW, INR 2.70), Adani (300 MW, INR 2.71), Re...

BRIDGE TO INDIA | 30 July 2018

BRIDGE TO INDIA has released the latest edition of its India Solar Rooftop Map report. As per the report, India added new rooftop solar capacity of 1,142 MW in the financial year 2017-18, up 68% over previous year. Total installed capacity is estimat...