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Blogs


More power to the exchanges

29 August 2020 | BRIDGE TO INDIA

Indian Energy Exchange opened a new window for trading of renewable power this week. Solar and non-solar renewable power can be traded separately under four different contract types: intra-day, for delivery within 3.5 hours; day-ahead, for...

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Manufacturing hopes not steeped in fundamentals

22 August 2020 | BRIDGE TO INDIA

ReNew recently made a surprise announcement to set up a 2 GW PV cell and module manufacturing line. Adani and Azure, the latter in partnership with Waaree, are already due to set up cell and module manufacturing capacity of 2 GW and 1 GW respectively as part of their win in the manufacturing-linked tender. Several...

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India RE Policy Update – July 2020

18 August 2020 | BRIDGE TO INDIA

This video presents a monthly snapshot of key policy and regulatory developments in India’s renewable power...

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India RE Tenders Update – July 2020

18 August 2020 | BRIDGE TO INDIA

This video presents a summary of major developments for renewable tenders during the month. It includes details of tender issuance, bid submission, completed auctions and related market...

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Bridge To India

Transmission outlook improving

16 August 2020 | BRIDGE TO INDIA

CERC, the national power sector regulator, has issued a set of proposed amendments to procedure for grant of inter-state transmission system (ISTS) connectivity approval to renewable projects. Among the major proposals is relaxation in the onerous bank guarantee requirements. Deadline for commissioning of transmission line and obligation for payment of transmission charges are proposed to be...

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C&I renewable market held back by policy uncertainty

08 August 2020 | BRIDGE TO INDIA

Last week, Norfund, Norway’s development finance institution, announced a USD 100 million investment together with Siemens into Berkeley Energy Commercial Industrial Solutions (BECIS). The two companies have agreed to invest USD 50 million each into BECIS, which offers rooftop solar and other energy solutions to C&I consumers under PPA model. BECIS, founded by Berkeley Energy, is a new...

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Module market evolving rapidly

01 August 2020 | BRIDGE TO INDIA

Chinese module major Trina launched a new series of 550 W bifacial modules recently and announced production of a new 600 W version from next year onwards. The company also announced that it expects to triple production to 31 GW in 2022, up from 10 GW last year. The new modules use half-cut cells and are reported to...

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Indian Railways ramping up renewable energy adoption

29 July 2020 | Dhruv Tyagi

Earlier this month, the Ministry of Railways announced a plan to transform Indian Railways to ‘Green Railways’ by 2030. The move is in line with the government’s initiatives to meet the commitments made under the Paris Agreement, with Railways being identified as one of the key sectors for decarbonisation. The...

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Bridge To India

DISCOM liquidity package stuck

11 July 2020 | BRIDGE TO INDIA

Last week, power minister R.K. Singh announced that the INR 900 billion (USD 12 billion) liquidity package for DISCOMs may be expanded to INR 1,250 billion (USD 17 billion) to cover their increasing outstanding dues. The dues have increased sharply from INR 1,062...

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Webinar: COVID 19 implications for domestic manufacturing

07 July 2020 | BRIDGE TO INDIA

BRIDGE TO INDIA hosted a webinar on 3 June 2020 to discuss impact of COVID-19 on domestic module manufacturing industry in India. We had an eminent group of speakers including Mr. Amitesh Sinha, Joint Secretary, MNRE, Mr. Ashish Khanna, CEO, Tata Power Solar, Mr. Ramesh Nair, CEO, Adani Solar, Mr. Saibaba...

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New solar tariff low not a surprise

05 July 2020 | BRIDGE TO INDIA

SECI’s latest solar auction has discovered a new record low tariff of INR 2.36/ kWh (USD 3.1 cent). The company’s pan India 2,000 MW ISTS tender was oversubscribed 2.3 times. Spain’s Solarpack (300 MW, tariff INR 2.36/ kWh) was the lowest bidder. Other winners...

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Customs duty finally on the anvil

26 June 2020 | BRIDGE TO INDIA

After a year of deliberation, MNRE has announced that basic customs duty (BCD) shall be levied on all cell and module imports from 1 August 2020 onwards. The proposal, pending approval from The Ministry of Commerce and Ministry of...

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