Blogs
Another botched DISCOM relief scheme
04 July 2022 | BRIDGE TO INDIA
The Ministry of Power has issued new Electricity Rules offering yet another debt package to DISCOMs to help clear delayed payments to power producers and transmission companies. The proposal is for DISCOMs to reschedule and clear all outstanding amounts in equal monthly instalments spread over 1-4 years depending on total quantum of...
India Renewable Sector Update – May 2022
01 July 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 May...
SC transmission order highlights need for tighter social and environmental norms
27 June 2022 | BRIDGE TO INDIA
A committee constituted by the Supreme Court (SC) has released technical specifications and certification requirements for installation of bird diverters on overhead transmission cables. The move came after CEA noted that bird diverter installation had been
Make in India to suppress capacity addition over next two years
20 June 2022 | BRIDGE TO INDIA
The US government has decided to defer import duties on ASEAN solar cells and module imports for two years notwithstanding its make local policy and an ongoing Department of Commerce investigation into circumvention of duty by ASEAN manufacturers. The decision was influenced mainly by
A revolution of open access renewable market?
13 June 2022 | BRIDGE TO INDIA
The Ministry of Power (MOP) has released final open access renewable rules clearing the path of corporate consumers to buy renewable power using open access and other routes. The rules are broadly consistent with the draft version issued in August...
Green power exchange an emerging option for corporate consumers
09 June 2022 | Neha Makol
Open access and rooftop solar can potentially meet only about 40-50% of a corporate consumer’s power requirement due to a temporal mismatch between supply and demand. Consumers keen to increase share of renewables in their consumption mix to achieve decarbonisation goals must therefore find alternative sources. Unfortunately, some of the key options to address intermittency risk of renewable...
Local project developers cementing their leadership position
06 June 2022 | BRIDGE TO INDIA
ReNew announced acquisition of a 528 MW wind and solar portfolio spread over eight states earlier this week. This transaction, eighth such acquisition by ReNew, takes its total portfolio to over 12.8 GW including projects under construction. In another significant...
REviews: Exclusive interview with Ecoppia
30 May 2022 | BRIDGE TO INDIA
Robotic cleaning has gained immense popularity in India due to acute shortage of suitable water for manual cleaning at most sites, lower cost and gains in power yield. To understand key trends in this market, BRIDGE TO INDIA spoke with Mr. Nalin Kumar Sharma, President – Asia, Middle East and Pacific at Ecoppia, a leading robotic cleaning technology...
Module costs staying firm
30 May 2022 | BRIDGE TO INDIA
Against all industry expectations, module prices continue to move up and show no sign of cooling down. Mono-PERC cell and module prices are currently reported at USD cents 16/ Wp and 29/ Wp, up 18% and 16% YOY respectively. There is relentless cost pressure...
Soaring battery storage costs dim adoption prospects
23 May 2022 | BRIDGE TO INDIA
Greenko has commenced construction of an integrated 5,230 MW pumped hydro storage and solar-wind hybrid project in Andhra Pradesh at an estimated cost of USD 3 billion. The project, with a reported storage capacity of 10.8 GWh, is expected to...
IPP valuations driven by technical factors
16 May 2022 | BRIDGE TO INDIA
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 GPSC), PE funds (Blackrock, Actis,...
States take on the tendering mantle while SECI goes slow
09 May 2022 | BRIDGE TO INDIA
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. The slowdown is mainly because SECI has been prioritising tying up its huge backlog of...
