Blogs


Time to act on PV waste management
18 April 2019 |

Following a recent blueprint on use of antimony in glass used in solar modules by MNRE, India’s Ministry of Environment, Forest and Climate Change (MOEFCC) is expected to announce a policy on waste management by end-April 2019. This process follows an order issued by the National Green Tribunal (NGT) in January 2019 to formulate a policy for waste management of solar modules containing ...

Time to act on PV waste management
18 April 2019 |

Following a recent blueprint on use of antimony in glass used in solar modules by MNRE, India’s Ministry of Environment, Forest and Climate Change (MOEFCC) is expected to announce a policy on waste management by end-April 2019. This process follows an order issued by the National Green Tribunal (NGT) in January 2019 to formulate a policy for waste management of solar modules containing ...


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 this government’s...

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 this government’s...


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 ...


MNRE pushes for solar in north-east
27 March 2019 |

MNRE has issued a new viability gap funding (VGF) scheme for setting up 1,000 MW grid-connected solar PV projects in north-eastern states. The government intends to provide VGF support of up to INR 10 million/ MW for these projects. Power is proposed to be sold to DISCOMs at a fixed tariff of INR 3.00/ kWh through SECI. Minimum bid size shall be 5 MW and commissioning...

MNRE pushes for solar in north-east
27 March 2019 |

MNRE has issued a new viability gap funding (VGF) scheme for setting up 1,000 MW grid-connected solar PV projects in north-eastern states. The government intends to provide VGF support of up to INR 10 million/ MW for these projects. Power is proposed to be sold to DISCOMs at a fixed tariff of INR 3.00/ kWh through SECI. Minimum bid size shall be 5 MW and commissioning...

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...


Andhra Pradesh pulls back on open access solar
25 March 2019 |

In January 2019, Government of Andhra Pradesh issued a new solar policy superseding the solar policy issued in 2015. The state aims to add 5,000 MW of solar power capacity in next five years.  Solar park capacity addition target for next five years is increased to 4,000 MW from 2,500 MW. The major change is the state’s abrupt pull back on open access. The state has decided to withdraw...

Andhra Pradesh pulls back on open access solar
25 March 2019 |

In January 2019, Government of Andhra Pradesh issued a new solar policy superseding the solar policy issued in 2015. The state aims to add 5,000 MW of solar power capacity in next five years.  Solar park capacity addition target for next five years is increased to 4,000 MW from 2,500 MW. The major change is the state’s abrupt pull back on open access. The state has decided to withdraw...


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...


2018 ends on a low note
12 March 2019 |

BRIDGE TO INDIA has released its quarterly market report - India Solar Compass Q4 2018. The report contains detailed analysis of solar capacity addition, tender issuance, leading market players, prices and other market trends for the last quarter as well as our estimates for the next two quarters. Only 1,446 MW capacity was added in Q4 2018 - 990 MW utility scale solar (68%) and 456 MW (32%) rooftop solar.

2018 ends on a low note
12 March 2019 |

BRIDGE TO INDIA has released its quarterly market report - India Solar Compass Q4 2018. The report contains detailed analysis of solar capacity addition, tender issuance, leading market players, prices and other market trends for the last quarter as well as our estimates for the next two quarters. Only 1,446 MW capacity was added in Q4 2018 - 990 MW utility scale solar (68%) and 456 MW (32%) rooftop solar.


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% in YTD 2019. Indian...

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% in YTD 2019. Indian...

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 would be valid for only two...

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 would be valid for only two...


Storage tenders pick up in India
28 February 2019 |

After years of anticipation, grid scale storage tenders have finally started picking pace in India. Seven tenders with a total storage capacity of 84 MWh (with 78 MW of solar PV capacity) have been issued in the last one year. These tenders have been issued by SECI, NTPC and NLC predominantly in remote areas of Jammu & Kashmir, Lakshadweep, Himachal Pradesh...

Storage tenders pick up in India
28 February 2019 |

After years of anticipation, grid scale storage tenders have finally started picking pace in India. Seven tenders with a total storage capacity of 84 MWh (with 78 MW of solar PV capacity) have been issued in the last one year. These tenders have been issued by SECI, NTPC and NLC predominantly in remote areas of Jammu & Kashmir, Lakshadweep, Himachal Pradesh...


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...


Uttar Pradesh deals a blow to rooftop solar
22 February 2019 |

In January 2019, Uttar Pradesh Electricity Regulatory Commission (UPERC) issued new Rooftop Solar PV Grid Interactive Systems Gross / Net Metering (RSVP) Regulations, 2019. These regulations supersede RSVP Regulations, 2015. The most important element in the new regulations is cancellation of net metering for commercial, industrial, institutional and government consumers. Other key features of the policy are as follows ...

Uttar Pradesh deals a blow to rooftop solar
22 February 2019 |

In January 2019, Uttar Pradesh Electricity Regulatory Commission (UPERC) issued new Rooftop Solar PV Grid Interactive Systems Gross / Net Metering (RSVP) Regulations, 2019. These regulations supersede RSVP Regulations, 2015. The most important element in the new regulations is cancellation of net metering for commercial, industrial, institutional and government consumers. Other key features of the policy are as follows ...


Renewable Energy Certificate market has lost its relevance   
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. The price jump came even as trading volumes continued to stay low...

Renewable Energy Certificate market has lost its relevance   
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. The price jump came even as trading volumes continued to stay low...