Loading...

Blogs


Sharp rise in peak power deficit

14 March 2022 | BRIDGE TO INDIA

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%. Figure 1: Peak and total power demand Source: CEA, BRIDGE TO INDIA research These are official peak demand numbers reported by CEA, which also reports a rising peak deficit of...

Read more...


An essential step towards deepening ancillary services market

07 March 2022 | BRIDGE TO INDIA

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 control, which have been split by CERC in three segments...

Read more...


India Renewable Power Tenders and Policies Update – January 2022

01 March 2022 | BRIDGE TO INDIA

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...

Read more...


Hydrogen policy misses the mark

25 February 2022 | BRIDGE TO INDIA

The Ministry of Power has issued a green hydrogen policy. The policy was much anticipated post Indian government’s commitments at COP 26 as green hydrogen is seen as a very promising route to decarbonisation. The policy focuses mainly on provision of renewable power for hydrogen production. DISCOMs ‘may’ sell...

Read more...


Bridge To India

Return expectations coming down

22 February 2022 | BRIDGE TO INDIA

Soaring costs and aggressive competition for new projects have made it a tough time for project development business. Module costs have edged down from the exceptional highs of around USD cents 0.30 in November to USD cents 0.27 but are still up about 16% over prices a year ago. Shipping freight rates, aluminum, copper and steel prices are also relentlessly firm. Total solar EPC cost, excluding...

Read more...


Consumers need a reliable pathway to 100% renewable power

15 February 2022 | BRIDGE TO INDIA

Leading corporates are increasingly adopting RE 100 pledges to decarbonise their businesses in response to demands from investors and consumers. There are now eight Indian companies alongside many international companies operating in India that have signed up to RE100...

Read more...


2021 recap in five charts

15 February 2022 | Dhruv Tyagi

We present five charts summarising key developments in the renewable power sector in 2021. Soaring module prices and other costsMono-crystalline module prices surged to USD cents 30/ Wp before falling marginally by year end, a rise of 21% over previous year due to rising component prices and shutdown of factories in China. Higher costs affected project viability leaving project developers in...

Read more...


New dawn for solar manufacturing

04 February 2022 | BRIDGE TO INDIA

The government has approved basic customs duty (BCD) for cells and modules as well as an enhanced budget of INR 240 billion (USD 3.2 billion) for production-linked incentive (PLI) for domestic manufacturers. As per the

Read more...


Bridge To India

Solar EPC business undergoing a churn

31 January 2022 | BRIDGE TO INDIA

NTPC completed EPC auction for 3 x 245 MW solar projects based in its Nokh solar park in Rajasthan last week. The tender attracted strong interest from a mix of existing (L&T, Sterling & Wilson, BHEL, Jakson) and new players (Amar Raja, Premier Energies, Rays Power Infra, Axis Energy, BVG and NTPC GE Power, an NTPC-GE JV)....

Read more...


Financial risks building up at the wrong time

24 January 2022 | BRIDGE TO INDIA

Listed renewable IPP stocks have taken a battering in the last few months. ReNew stock touched a low of USD 5.65 this week after listing on NASDAQ in August 2021 at USD 8.50, a fall of 33%. Azure stock fell from a high of USD 48.39 in January 2021 to USD 15.55 this week, a fall of 70% in one year. Both stocks are down between 36-44% over the broader indices in the last four months. Another...

Read more...


ALMM: Walled garden for domestic solar manufacturers

18 January 2022 | BRIDGE TO INDIA

MNRE has expanded scope of the ALMM policy by bringing open access and rooftop solar projects under its purview. As per an order released last week, all open access and net-metering based projects applying for approval from 1 April 2022 onwards may procure only modules approved under ALMM policy. The...

Read more...


2022, best to keep hopes in check

10 January 2022 | BRIDGE TO INDIA

Here’s wishing all our subscribers a very happy new year. We hope that the new year brings good health and better tidings all around. Last two years have been tough for the sector with sharp cost rises, COVID, extensive project delays, muted power demand, worsening of DISCOM financial position and

Read more...


To top