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Blogs


GST launched but clarity still missing for the solar sector

03 July 2017 | BRIDGE TO INDIA

Three days into implementation of the Goods and Services Tax (GST), Indian solar industry continues to face uncertainty regarding GST rates. We know that GST will be applied to solar modules at a concessional rate of 5%. Central government officials including the Minister for Power, Piyush Goyal, have

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Growth in solar imports increasing the risk of a knee-jerk reaction by India

19 June 2017 | BRIDGE TO INDIA

India imported 5.7 GW or about 89% of its total solar module requirement in FY 2016-17. Value of these imports is estimated at USD 3 billion, equivalent to 2.8% of the country’s total merchandise trade deficit. An increasing reliance on imports in a growing and strategically important sector is creating various stress points and raises the risk of a knee-jerk policy reaction by the government...

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Greenko, Trina Solar and ABB lead in the Indian solar market

12 June 2017 | BRIDGE TO INDIA

BRIDGE TO INDIA has released the March 2017 edition of India Solar Map. As per our project database, India installed 5.5 GW of utility scale solar capacity in the last fiscal year reaching total cumulative solar capacity of 12.5 GW by March 2017. Another 12 GW capacity has been allocated to developers and is in various stages of development. – We expect southern states to continue to...

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Renewable sector to ‘trump’ Trump

05 June 2017 | BRIDGE TO INDIA

“In order to fulfill my solemn duty to protect America and its citizens, the United States will withdraw from the Paris climate accord,” US President Donald Trump said last week. The move has already been criticized extensively...

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Bridge To India

Solar modules to be taxed at 5% under GST as against 18% declared earlier

29 May 2017 | BRIDGE TO INDIA

Last week, we wrote that the proposed 18% Goods and Service Tax (GST) on solar modules could cause major disruption in the industry and affect over 10 GW of projects. Following uproar in the industry, India’s revenue secretary, Hasmukh Adhia, has

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Southern region to lead the nation in grid integration of renewable energy

29 May 2017 | Surbhi Singhvi

India’s southern region comprising Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Kerala accounts for 25% of national power consumption but 45% of total wind and solar power capacity in the country. Penetration of variable wind and solar energy, defined as generation from both these sources as a percentage of electricity consumption, in the southern region was 9% in 2016-17 as against...

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GST to cause significant disruption to the solar sector

22 May 2017 | BRIDGE TO INDIA

The Indian government has released final Goods and Services Tax (GST) rates under the new indirect tax regime proposed to be rolled out from July 1. The biggest surprise for the power and renewable sector is the announcement of 18% tax rate for solar modules as compared to a present effective rate of zero. In contrast, GST rate for coal has been lowered to 5% as against current rate of 11.69%...

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Indian solar tariffs fall 25% in three months

15 May 2017 | BRIDGE TO INDIA

Last week, Solar Energy Corporation of India’s (SECI) 750 MW utility scale auction in Bhadla solar park saw tariffs fall to a new astounding low of INR 2.44 (US¢ 3.79)/ kWh. This comes after much brouhaha over tariffs falling to INR 3.25/ kWh (levelized) and INR 3.15/ kWh in

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Bridge To India

Which states will drive India’s next round of solar demand?

08 May 2017 | BRIDGE TO INDIA

The pace of new tender announcements and completed auctions has slowed down significantly in the last year (-68% and -59% respectively). Southern states have frontloaded capacity buildout – Andhra Pradesh (installed plus tendered capacity of 74% as against March 2022 target),...

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India wants all new cars beyond 2030 to be electric

01 May 2017 | BRIDGE TO INDIA

We are going to introduce electric vehicles in a very big way,” India’s Minister of Power, Piyush Goyal, stated last week. The Ministry of Heavy Industries and the NITI Aayog are working on a comprehensive policy for promotion...

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Competition in the Indian solar market intensifies further

24 April 2017 | BRIDGE TO INDIA

First round of bids was submitted for Solar Energy Corporation of India’s (SECI’s) 750 MW tender in Bhadla Solar Park, Rajasthan last week. A total of 33 developers are believed to have submitted bids for an aggregate capacity of 8,750 MW – an oversubscription of almost 12x. Coming in the wake of intensely competitive bidding in

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More to Indian solar tariffs than meets the eye

17 April 2017 | BRIDGE TO INDIA

India achieved a record low solar tariff of INR 3.29 (US¢ 5.1)/kWh in the Rewa tender in February. That record was surpassed last week in an auction conducted by National Thermal Power Corporation (NTPC) for a 250 MW project in Kadappa, Andhra Pradesh, where Engie’s Solairedirect submitted the winning bid...

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