Blogs
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...
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...
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
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)....
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...
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...
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...
