Blogs

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...

India Renewable Power Tenders and Policies Update – June 2021

30 July 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...

MBED the biggest potential reform of India’s archaic power sector

26 July 2021 | BRIDGE TO INDIA

India’s central electricity regulator, CERC, has proposed implementation of a new power scheduling and despatch system titled, Market-Based Economic Despatch (MBED), from 1 April 2022 onwards. MBED requires DISCOMs and conventional power producers to submit buy and sell bids respectively on...

New DISCOM reform package: old wine in a new bottle

19 July 2021 | BRIDGE TO INDIA

The Union Cabinet has approved yet another DISCOM reform package worth INR 3 trillion (USD 40 billion). The package, titled ‘Revamped reforms-linked results-based distribution sector scheme,’ aims to “…improve operational efficiencies and financial...

Investment appetite running ahead of fundamentals

12 July 2021 | BRIDGE TO INDIA

There have been some eye-catching growth announcements in the past few weeks. After Reliance stated its plan to establish 100 GW solar capacity by 2030, NTPC, JSW Energy and Tata Power have taken turns to announce their own ambitious plans for the renewable sector. NTPC has

Virtual power plants coming into their own

08 July 2021 | Sugandha Chauhan

Last two years have seen a rapid growth of ‘virtual’ power plants (VPPs) across the world. A VPP is an aggregated portfolio of distributed energy resources including storage and rooftop solar systems that mimic an actual power plant to provide grid services such as peak load management, grid balancing and fast frequency response. Each distributed resource is centrally controlled via an...

Reliance to upend the Indian renewable sector

05 July 2021 | BRIDGE TO INDIA

Reliance Industries Limited (RIL), a diversified conglomerate and India’s largest private company by market cap (valuation: INR 14 trillion, USD 190 billion), has announced stunning plans to enter clean energy sector. The...

ISTS waiver distorting the market

28 June 2021 | BRIDGE TO INDIA

The Ministry of Power has extended completion deadline for inter-state transmission system (ISTS) charges waiver for solar and wind power projects by two years. The waiver would now be available to projects commissioned by 30...

Battery storage PLI scheme likely to see delays

22 June 2021 | BRIDGE TO INDIA

The Indian government has issued a new production-linked incentive (PLI) scheme to develop 50 GWh and 5 GWh domestic manufacturing capacity for advanced battery storage technologies and niche storage technologies respectively by March 2024. The government proposes to grant cash incentives aggregating INR 181 billion (USD 2.5...

Another PSU solar tender set for a lukewarm response

14 June 2021 | BRIDGE TO INDIA

Bid submission date for Indian Renewable Energy Development Agency Ltd (IREDA)’s 5,000 MW solar tender has been extended again to 15 June 2021. This is the third such tender issued under MNRE’s...

India Renewable Power Tenders and Policies Update – May 2021

10 June 2021 | BRIDGE TO INDIA

Energy storage participation in ancillary services heralds a new market

09 June 2021 | BRIDGE TO INDIA

India’s central power sector regulator, CERC, has issued draft ancillary services regulations aimed at ensuring smooth operation of the power system. The highlight of the draft regulations is to allow energy storage facilities and demand side resources, for the first time ever, to provide secondary...