Blogs
Wind sector hobbled by soaring costs, unrealistic bids
25 April 2022 | BRIDGE TO INDIA
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. Out of total allocated capacity of 12.4 GW for vanilla wind projects in the last five years,...
Offshore wind not good value for money
18 April 2022 | BRIDGE TO INDIA
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 to INR 140 billion (USD 1.8 billion) to project developers...
Residential segment perks up rooftop solar
11 April 2022 | BRIDGE TO INDIA
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...
New DSM regulation to add cost for developers
04 April 2022 | BRIDGE TO INDIA
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. Consequences for over-injection are considerably worse with developers not...
India Renewable Market Updates – February 2022
01 April 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 February...
Decarbonisation push and ISTS waiver fuel corporate renewable demand
27 March 2022 | BRIDGE TO INDIA
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...
Andhra Pradesh decision a small victory for project developers
21 March 2022 | BRIDGE TO INDIA
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...
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...
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...
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...
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...
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...
