Blogs
Shorter PPAs need of the times
03 October 2021 | BRIDGE TO INDIA
The Ministry of Power is proposing to gradually move away from long-term PPAs and introduce medium and short-term contracts in the market. A committee has been set up to examine feasibility of changes in PPA tenure and relevant changes...
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...
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…
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%,
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...
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...
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...
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...
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...
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...
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...
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)...
