Blogs
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
2021, nary a dull moment
13 December 2021 | BRIDGE TO INDIA
As 2021 draws to an end, we look at major developments that shaped the renewable sector. It was a nervy year, beginning with a severe second COVID wave followed by an unexpected disruption in module supply chain sharply hitting project viability and execution. These are our top developments of the year and their impact on the sector.
Module prices shoot upFor the first time ever,
ISTS open access restricted to a few states
06 December 2021 | BRIDGE TO INDIA
The Ministry of Power has offered a series of concessions on waiver of Inter-State Transmission System (ISTS) charges and losses. The most significant concession involves extending the waiver to open access projects – both third-party sale and captive use. The 100% waiver for ISTS charges over 25 year project life would now apply...
India Renewable Power Tenders and Policies Update – October 2021
30 November 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 October...
REC scheme due for an overhaul
29 November 2021 | BRIDGE TO INDIA
Trading of Renewable Energy Certificates (REC) resumed on 24 November 2021 after a suspension lasting over 16 months due to a legal tussle over regulated prices. The first trading session saw an enthusiastic response on the back of huge pent-up demand with over 3.5 million RECs traded, out of...
COP26: Vague promises, missed opportunity
22 November 2021 | BRIDGE TO INDIA
COP26 concluded on 13 November, 2021 with bitter disappointment. The conference was expected to provide a firm roadmap for cutting carbon emissions after the tentative goals agreed in Paris in 2015. But there were no binding commitments on...
First battery storage tender needs to be restructured
15 November 2021 | BRIDGE TO INDIA
SECI has issued a first of its kind standalone battery storage tender for 500 MW/ 1,000 MWh capacity. Tendered capacity is split into two projects of 250 MW/ 500 MWh capacity each to be set up in Rajasthan near Fatehgarh inter-state transmission substation. Projects would be awarded...
Surprise bidders in the solar module PLI scheme
08 November 2021 | BRIDGE TO INDIA
Last week, IREDA opened bids received under Production-Linked Incentive (PLI) scheme for solar module manufacturing. Jindal (bid capacity 4 GW, PLI bid of INR 13.9 billion), Shirdi Sai (4 GW, INR 18.8 billion), Reliance (4 GW, INR 19.2 billion) and Adani (4 GW, INR 36 billion) are the top bidders based on their technical score –...
Reliance sets the pace in clean energy
25 October 2021 | BRIDGE TO INDIA
Following up on its mega announcement in June, Reliance Industries (Reliance) has completed a series of acquisitions and investments heralding its entry in the clean energy sector. The company has: a) acquired 100% stake in Norway-headquartered solar panel manufacturer REC for an enterprise value of INR 58...
Need for better planning and more resilience
17 October 2021 | BRIDGE TO INDIA
India is reeling from a power crisis, which no one saw coming even as recently as two weeks ago. A mix of various factors including jump in demand following post-COVID economic recovery, depressed renewable power output, fall in domestic coal production...
“Perfect storm” highlights fragility of global economic order
08 October 2021 | BRIDGE TO INDIA
It has been described as the perfect storm. A mix of global economic rebound after COVID demand slump and trade disruptions has sent energy prices skyrocketing. International prices for coal (USD 150/ tonne), natural gas (USD 5.7/ MMBTU) and crude oil (USD 75/ barrel) have surged by as much as 15% in the last month to reach annual highs. Figure: Prices of coal, crude oil and natural gas,...
