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Blogs


Module industry going through step changes

19 November 2018 | BRIDGE TO INDIA

Global solar demand is expected to fall for the first time ever this year – to about 85-90 GW from 103 GW last year. Most of the leading countries including China, India, US and Japan are reporting significant declines in capacity addition. Result – multi-crystalline module prices have fallen to USD...

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Gujarat aims for the sky

15 November 2018 | Arti Mishra Saran

In June 2018, the state government of Gujarat launched a new scheme – Suryashakti Kisan Yojna (SKY) – for developing distributed solar plants in rural areas. Under the scheme, farmers can set up solar PV plants up to a capacity of 1.25 kW per horsepower of contracted load. The pilot phase envisions a total capacity of 175 MW with a total capital cost of INR 9 billion (USD 0.13 billion)....

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RE market forced to consolidate through the primary route

13 November 2018 | BRIDGE TO INDIA

In the first nine months of this year, 10,081 MW of utility scale solar capacity has been auctioned, up nearly 70% over the entire year 2016. A close look at the auction results shows some very interesting trends – despite the sharp increase in auctioned capacity, number of winning bidders has fallen to 26 from 49 two years ago. Average winning bid size has increased to 124 MW from 63 MW. And...

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Sputtering RE needs decisive government help

05 November 2018 | BRIDGE TO INDIA

India added total solar and wind capacity of 2,074 MW (up 70% over previous quarter) in Q3 2018. Total installed capacity reached 61.1 GW on 30 September 2018 – including 23.2 GW utility solar, 3.4 GW rooftop solar and 34.5 GW wind. Quarterly capacity addition has been highly erratic because of uncertain auction time-table; The sector faces several challenges related to government...

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Bridge To India

Solar sector faces growing water risk

30 October 2018 | Vinay Rustagi

India’s solar sector is growing rapidly – total installed capacity has risen from just 1 GW in 2012 to over 25 GW at present and is expected to go up by over 10 GW every year. Fast growth and concentration in water-stressed areas exposes solar to growing water risks – scarcity, rising cost, poor quality, conflict with other social and economic uses and environmental degradation. We...

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RE debt financing gets tougher

29 October 2018 | BRIDGE TO INDIA

RE projects are facing increasing financing challenges. Liquidity in the Indian financial system has dried up considerably pushing up cost of debt finance by 1.0-1.5% over last year. To make matters worse, we...

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Impressions from an international module conference

25 October 2018 | Vinay Rustagi

I attended one of the world’s leading solar module industry events – PV ModuleTech in Penang, Malaysia – this week. There were about 200 participants from across the world including mainly all leading module manufacturers, various testing agencies and independent engineers. There were also a few project developers and investors such as Brookfield, Shell, 8minuteenergy, Clara and...

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Solar sector needs robust quality standards

23 October 2018 | Surbhi Singhvi

A recent report by PI Berlin, supported by MNRE, NISE, SECI and KFW, has highlighted major risks facing Indian PV projects – sub-optimal design, inadequate EPC contracts, poor installation and lack of proper maintenance. The study confirms longstanding concerns about poor quality in the Indian solar...

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Bridge To India

NTPC jumps into the bidding arena

22 October 2018 | BRIDGE TO INDIA

Uttar Pradesh conducted auction for its 500 MW utility scale solar tender on 10 October 2018. Winning tariffs came at between INR 3.17-3.23/ kWh (USD cents 4.4). Capacity was won by NTPC (160 MW), Adani (100 MW), Sukhbir Agro, Eden, Solar Arise and Avaada...

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GST problems refuse to go away

08 October 2018 | BRIDGE TO INDIA

Central Electricity Regulatory Commission (CERC) has issued its final decision in response to appeals filed by Adani and Azure against NTPC and SECI respectively for ‘change in law’ compensation claims arising from GST implementation. It has opined that implementation of GST constitutes ‘change in law’ as defined in the respective PPAs. It has also ruled that project developers can claim...

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Renewable energy – going through a period of peaks and troughs

03 October 2018 | Arti Mishra Saran

Total utility- scale solar and wind installed capacity reached 58 GW on September 30, 2018. Solar and wind capacity individually stood at 24 GW and 34 GW respectively.  9874 Figure: Total solar and wind capacity on September 30, 2018 Last 12 months were notable for exponential surge in tender announcement. 46 GW of solar and wind tenders were announced in between October 2017-...

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