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Blogs


Regulators add to the pain

14 January 2020 | BRIDGE TO INDIA

Maharashtra state regulator, MERC, has recently rejected most of the winning bids in two renewable energy tenders as it viewed the winning tariffs as too high or unreasonable. The two tenders include a 350 MW solar-wind hybrid tender by Adani Electricity, Mumbai DISCOM, and a 1,400 MW agricultural solar tender floated by Maharashtra State Electricity Development Corporation (MSEDCL, the...

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2020 – year of prayer and hope

09 January 2020 | BRIDGE TO INDIA

As we commence the new year, there is much anticipation that 2020 would offer respite from the multitude of problems faced last year. A jump in new installations – from a total of an estimated 11.4 GW last year to 15.0 GW – would certainly provide relief to equipment suppliers and contractors. Most of the increase would come...

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2019, RE’s annus horribilis

20 December 2019 | BRIDGE TO INDIA

The Government of India is reportedly considering an ordinance to usher in reforms for the power sector in India. As per a news report, the government is seeking to bring about various legislative changes including timely payments by DISCOMs, reduction in cross...

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Consolidation underway in solar EPC market

04 December 2019 | BRIDGE TO INDIA

India’s utility scale solar capacity reached 29.7 GW by September 2019, growing 25% y-o-y. A review of the EPC data shows two interesting trends. Contrary to popular perception, share of third-party EPC contractors is increasing and touched 77%, highest in the last five years. Second, there is increasing consolidation in the EPC market as many regional and smaller players have been edged out...

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Fourth time lucky for the manufacturing-linked tender?

04 December 2019 | BRIDGE TO INDIA

After several cancellations, extensions and modifications, SECI’s solar project development-cum-manufacturing tender finally received a somewhat encouraging response. In its final avatar, the tender was issued for 7,000 MW inter-state transmission system (ISTS) connected project development...

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States moving away from net metering prematurely

03 December 2019 | Surbhi Singhvi

Indian states are turning their back on rooftop solar. Maharashtra recently signalled its intent to join Uttar Pradesh,

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Fall in costs to bring respite to developers

26 November 2019 | BRIDGE TO INDIA

After staying relatively stable in the past year, module prices are on the decline again. Prices of multi-crystalline modules, still the de facto choice for most Indian developers, have fallen from USD 0.23/...

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Time for grid tariffs to go up

19 November 2019 | BRIDGE TO INDIA

Last week, a news report suggested that Madhya Pradesh

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Wind faces slow going

12 November 2019 | BRIDGE TO INDIA

In a major relief to the sector, MNRE has granted project completion deadline extension to wind projects allocated under SECI auction tranches 1-5. More time has been granted to these projects mainly because of delays in land allocation and completion of transmission infrastructure. A total capacity of 7,200 MW was allocated by SECI in these auctions between Feb-2017 and Sep-2018, but only 1,825...

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Lack of competitive advantage hurting developers

05 November 2019 | BRIDGE TO INDIA

Last week, SECI conducted auction for a 1,200 MW utility scale solar tender. The tender received bids for full 1,200...

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Changes afoot to improve investor risk profile

01 November 2019 | BRIDGE TO INDIA

MNRE has announced various changes to the competitive bidding guidelines for utility scale solar projects. There are broadly two...

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