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Blogs


India Renewable Power Tenders and Policies Update – August 2021

01 October 2021 | 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 August...

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Solar becomes the milch cow

26 September 2021 | BRIDGE TO INDIA

The GST Council, an inter-governmental decision-making body headed by India’s Finance Minister, has recommended an increase in levy of GST (Goods and Services Tax) on all renewable energy “devices and parts” from 5% to 12%. The increase is expected to be ratified by the Union Cabinet shortly and become applicable from 1 October 2021…

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Green bonds offer relief but risks loom

20 September 2021 | BRIDGE TO INDIA

In the last three months, five Indian developers have raised a total of USD 1.7 billion through green bonds. Adani Green raised USD 750 million priced at 4.30% with maturity of three years. Acme completed its first issuance with USD 334 million of bonds priced at 4.7% for a five-year maturity. Azure raised USD 414 million, 5-year money at only 3.58%,

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Maharashtra, Gujarat and Uttar Pradesh to drive sector growth

13 September 2021 | BRIDGE TO INDIA

Since January 2021, Maharashtra has issued five renewable power tenders with total capacity of 3.3 GW. In the same time, Gujarat has issued seven tenders with total capacity of 1.7 GW. The two states account for a combined 31% share of total tender issuance so far this year. A comparison of renewable power penetration data for 12-month period to June 2021 across states throws some interesting...

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Bridge To India

Government recognises needs of C&I consumers

05 September 2021 | BRIDGE TO INDIA

The Ministry of Power has issued draft electricity rules for open access (OA) renewable power. This is the first time that the central government has acknowledged increasing potential and needs of this market. The draft rules touch upon various aspects of renewable...

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Project bidding in fanciful territory

29 August 2021 | BRIDGE TO INDIA

It has been raining auctions again. Seven auctions totalling 3,950 MW have been completed in just seven weeks. Strong bidding interest has led to further fall in tariffs. SECI discovered a record low tariff of INR 2.34-2.35/ kWh for wind-solar hybrid projects in its 1,200 MW auction this week with NTPC (450 MW), Ayana (450), NLC...

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REviews: India solar pumps market – current status and outlook

24 August 2021 | BRIDGE TO INDIA

India has been a pioneer in adoption of solar pumps at scale. The government has set a target of installation of 1.75 million solar agriculture pumps and solar systems for another 1 million grid connected pumps by 2022 under KUSUM programme with up to 60% capital subsidy. Progress, however, is lagging with only 272,700 pumps...

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MNRE raises stakes for domestic manufacturing

22 August 2021 | BRIDGE TO INDIA

MNRE has added three new companies – CEL (module manufacturing capacity 35 MW), Patanjali (70 MW) and Jakson (80 MW) – to the Approved List of Models and Manufacturers (ALMM). Total approved module capacity now stands at 8,350 MW among 26 Indian companies. The first list with 23 companies was released in March 2021. No foreign...

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Bridge To India

India Renewable Power Tenders and Policies Update – July 2021

10 August 2021 | BRIDGE TO INDIA

This video presents a summary of major developments for renewable sector tenders with details of tender issuance, bid submission, completed auctions and related market trends. It also covers a snapshot of key policies and regulatory developments from the previous...

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Things looking up for energy storage

10 August 2021 | BRIDGE TO INDIA

There has been a series of positive developments on storage front in the last three months which should hopefully kickstart a cycle of growth for the business in India. India’s central power sector regulator, CERC, has allowed energy storage facilities to provide secondary and...

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Webinar: Project operations and asset management

04 August 2021 | BRIDGE TO INDIA

BRIDGE TO INDIA hosted a webinar on 28 July, 2021 to discuss various O&M related issues for solar projects in India. Panellists included Mr. Ashwini Kumar Patil (CEO, Tata Power Renewables), Mr. Idrish Khan (CTO, Solis), Mr. Sudhir Pathak (Head of Engineering – Hero Future Energies), Mr. Nalin Kumar Sharma (VP-Asia & Pacific, Ecoppia), Mr. Puneet Jaggi (Founder, Prescinto Technologies)...

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Module prices to stay firm until Q2 2022

30 July 2021 | BRIDGE TO INDIA

In the past few months, there have been multiple reported instances of Chinese module suppliers renegotiating prices and/ or cancelling orders. Mono-crystalline module prices have surged to USD cents 25/W on a CIF basis (before domestic duties and...

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