Blogs


IPP valuations driven by technical factors   
16 May 2022 |

In the last three years, there have been a total of 33 M&A or private equity transactions exceeding USD 100 million in size in the renewable IPP business. Total investment value of these deals is estimated at USD 12 billion indicating strong lure of the sector. Investors include companies of all hues including oil & gas major (Total, Shell and…

IPP valuations driven by technical factors   
16 May 2022 |

In the last three years, there have been a total of 33 M&A or private equity transactions exceeding USD 100 million in size in the renewable IPP business. Total investment value of these deals is estimated at USD 12 billion indicating strong lure of the sector. Investors include companies of all hues including oil & gas major (Total, Shell and…


States take on the tendering mantle while SECI goes slow   
09 May 2022 |

Pace of tender issuance and auctions has now stayed weak for over two years. Since touching a peak of 38,026 MW and 29,240 MW in 2019, tender issuance and auctions have averaged at annualised levels of 28,742 MW and 19,072 MW respectively. In the first four months of 2022, only 1,875 MW capacity was awarded....

States take on the tendering mantle while SECI goes slow   
09 May 2022 |

Pace of tender issuance and auctions has now stayed weak for over two years. Since touching a peak of 38,026 MW and 29,240 MW in 2019, tender issuance and auctions have averaged at annualised levels of 28,742 MW and 19,072 MW respectively. In the first four months of 2022, only 1,875 MW capacity was awarded....


Private ownership more desirable for renewables   
30 April 2022 |

Shell just announced 100% acquisition of Sprng Energy from Actis with an enterprise value of USD 1.55 billion.  The company has a portfolio of 2.3 GW solar and wind projects including 0.8 GW capacity in construction. Earlier this month, Tata Power announced USD 500 million investment from Blackrock and Mubadala...

Private ownership more desirable for renewables   
30 April 2022 |

Shell just announced 100% acquisition of Sprng Energy from Actis with an enterprise value of USD 1.55 billion.  The company has a portfolio of 2.3 GW solar and wind projects including 0.8 GW capacity in construction. Earlier this month, Tata Power announced USD 500 million investment from Blackrock and Mubadala...


India Renewable Sector Update – March 2022
28 April 2022 |

This video presents a summary of major sector developments including tender issuance, auctions, policy and regulatory developments, financial deals and related market trends in March 2022.

India Renewable Sector Update – March 2022
28 April 2022 |

This video presents a summary of major sector developments including tender issuance, auctions, policy and regulatory developments, financial deals and related market trends in March 2022.


A peek into the future of solar manufacturing in India
25 April 2022 |

Two weeks ago, I had an opportunity to visit the 750 MW solar PV cell and module plant owned by Premier Energies in Hyderabad. Construction of this plant, India’s second largest, was completed in a record 15 months and full operations commenced in July 2021....

A peek into the future of solar manufacturing in India
25 April 2022 |

Two weeks ago, I had an opportunity to visit the 750 MW solar PV cell and module plant owned by Premier Energies in Hyderabad. Construction of this plant, India’s second largest, was completed in a record 15 months and full operations commenced in July 2021....

Award winnig research
Wind sector hobbled by soaring costs, unrealistic bids   
25 April 2022 |

India added only 1,033 MW wind power generation capacity in 2021, down 14% YOY, taking total wind capacity to 40,709 MW. This is the fourth straight year of decline in capacity addition after competitive auctions replaced feed-in tariff regime in 2017...

Wind sector hobbled by soaring costs, unrealistic bids   
25 April 2022 |

India added only 1,033 MW wind power generation capacity in 2021, down 14% YOY, taking total wind capacity to 40,709 MW. This is the fourth straight year of decline in capacity addition after competitive auctions replaced feed-in tariff regime in 2017...


Offshore wind not good value for money   
18 April 2022 |

MNRE has revived offshore wind plans with industry consultation for developing 1 GW and 2 GW capacity off the coast of Gujarat and Tamil Nadu respectively. Power is proposed to be sold to the respective states at a fixed tariff of about INR 3.50/ kWh with SECI as an intermediary offtaker. MNRE aims to award total capital subsidy of up…

Offshore wind not good value for money   
18 April 2022 |

MNRE has revived offshore wind plans with industry consultation for developing 1 GW and 2 GW capacity off the coast of Gujarat and Tamil Nadu respectively. Power is proposed to be sold to the respective states at a fixed tariff of about INR 3.50/ kWh with SECI as an intermediary offtaker. MNRE aims to award total capital subsidy of up…


Residential segment perks up rooftop solar   
11 April 2022 |

BRIDGE TO INDIA estimates that new rooftop installations in 2021 touched a record high of 2,196 MW, up 62% over previous year. As of December 2021, total rooftop solar capacity is estimated at 8,988 MW, 18% of total solar capacity in the country. The increase came mainly from the residential segment, which contributed...

Residential segment perks up rooftop solar   
11 April 2022 |

BRIDGE TO INDIA estimates that new rooftop installations in 2021 touched a record high of 2,196 MW, up 62% over previous year. As of December 2021, total rooftop solar capacity is estimated at 8,988 MW, 18% of total solar capacity in the country. The increase came mainly from the residential segment, which contributed...


New DSM regulation to add cost for developers   
04 April 2022 |

CERC, India’s central power sector regulator, has revised regulations pertaining to the Deviation Settlement Mechanism (DSM) for solar and wind power projects. The regulator has both tightened the deviation bands and increased penalties for deviations....

New DSM regulation to add cost for developers   
04 April 2022 |

CERC, India’s central power sector regulator, has revised regulations pertaining to the Deviation Settlement Mechanism (DSM) for solar and wind power projects. The regulator has both tightened the deviation bands and increased penalties for deviations....


India Renewable Market Updates – February 2022
01 April 2022 |

This video presents a summary of major sector developments including tender issuance, auctions, policy and regulatory developments, financial deals and related market trends in February 2022.

India Renewable Market Updates – February 2022
01 April 2022 |

This video presents a summary of major sector developments including tender issuance, auctions, policy and regulatory developments, financial deals and related market trends in February 2022.

Award winnig research
Decarbonisation push and ISTS waiver fuel corporate renewable demand   
27 March 2022 |

ArcelorMittal, one of India’s largest steel producers, has signed an agreement with Greenko to procure a 250 MW inter-state round-the-clock (RTC) open access (OA) renewable power project. Power would be supplied from a combined 975 MW wind-solar power plant...

Decarbonisation push and ISTS waiver fuel corporate renewable demand   
27 March 2022 |

ArcelorMittal, one of India’s largest steel producers, has signed an agreement with Greenko to procure a 250 MW inter-state round-the-clock (RTC) open access (OA) renewable power project. Power would be supplied from a combined 975 MW wind-solar power plant...


Andhra Pradesh decision a small victory for project developers   
21 March 2022 |

Thirty two months after the Andhra Pradesh government’s flagrant attempt to renegotiate over 7,500 MW of renewable power PPAs, the state High Court has finally restored status quo. The High Court has, in an order dated 15 March 2022, directed the DISCOMs to honour contracted tariffs and clear all outstanding dues within six weeks....

Andhra Pradesh decision a small victory for project developers   
21 March 2022 |

Thirty two months after the Andhra Pradesh government’s flagrant attempt to renegotiate over 7,500 MW of renewable power PPAs, the state High Court has finally restored status quo. The High Court has, in an order dated 15 March 2022, directed the DISCOMs to honour contracted tariffs and clear all outstanding dues within six weeks....


Sharp rise in peak power deficit   
14 March 2022 |

It is early March and peak power demand this month has already hit 195 GW as against 186 GW last year. Peak demand over last five years has grown at a CAGR of 4.6% outpacing total power demand CAGR of 3.4%.

Sharp rise in peak power deficit   
14 March 2022 |

It is early March and peak power demand this month has already hit 195 GW as against 186 GW last year. Peak demand over last five years has grown at a CAGR of 4.6% outpacing total power demand CAGR of 3.4%.


An essential step towards deepening ancillary services market   
07 March 2022 |

CERC, India’s central power sector regulator, recently issued a regulation expanding scope of ancillary services and including large consumers and energy storage as potential service providers. The regulation covers mainly energy balancing services, also called frequency...

An essential step towards deepening ancillary services market   
07 March 2022 |

CERC, India’s central power sector regulator, recently issued a regulation expanding scope of ancillary services and including large consumers and energy storage as potential service providers. The regulation covers mainly energy balancing services, also called frequency...


India Renewable Power Tenders and Policies Update – January 2022
01 March 2022 |

This video presents a summary of major sector developments including tender issuance, auctions, policy and regulatory developments, financial deals and related market trends in January 2022.

India Renewable Power Tenders and Policies Update – January 2022
01 March 2022 |

This video presents a summary of major sector developments including tender issuance, auctions, policy and regulatory developments, financial deals and related market trends in January 2022.