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Captive policy – time to reevaluate

24 July 2023 | BRIDGE TO INDIA

Madhya Pradesh has recently issued a detailed procedure to verify captive status of renewable projects every year to ensure compliance with requirements as per the Electricity Act – minimum collective 26% equity ownership and 51% power offtake by respective consumers(s). In May 2023, Punjab had issued somewhat similar criteria to verify the captive status but went one step further. It mandated captive consumers to furnish…

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SECI seeking new frontiers with a ‘firm’ renewable power tender

17 July 2023 | BRIDGE TO INDIA

SECI has issued a first-of-its-kind tender for procuring 500 MW ‘firm and dispatchable’ renewable power. The tender specifies a fixed hourly demand profile across the year, unchanged during the 25-year PPA term (see figure). Project developers must meet at least 90% of total hourly demand on a monthly basis. Penalty for any further shortfall is stipulated at 1.5x PPA tariff…

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Electrolyser subsidy – what’s the point?

12 July 2023 | BRIDGE TO INDIA

MNRE has issued details of an INR 44 billion (USD 537 million) subsidy scheme for domestic electrolyser manufacturing. The scheme will be operational from FY 2026 to FY 2030. In the first tranche, 50% of subsidy funds shall be allocated to a manufacturing capacity of 1.5 GW. Domestically produced electrolysers shall receive a fixed subsidy based on year of production…

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Green hydrogen subsidy too little to make an impact

03 July 2023 | BRIDGE TO INDIA

MNRE has released details of first tranche of the subsidy scheme for green hydrogen production. Total funding support of up to INR 54 billion (USD 659 million) will be offered to annual production capacity of 450,000 metric tonnes (MT), 9% of 2030 target. Subsidy will be capped at INR 50, 40 …

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Bridge To India

BRIDGE TO INDIA – India RE Tenders Update – May 2023

30 June 2023 | BRIDGE TO INDIA

This video presents a summary of major sector developments including tender issuance and auctions in May 2023.

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BRIDGE TO INDIA – India RE Policies Update – May 2023

29 June 2023 | BRIDGE TO INDIA

This video presents a summary of major policy and regulatory developments in May 2023.

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Low visibility in OA charges still a major risk

26 June 2023 | BRIDGE TO INDIA

Final tariff orders issued by state regulators for FY 2024 show an upward trend in transmission and wheeling charges. Transmission charges increased by 20%, 14% and 14% in Maharashtra, Rajasthan and Haryana respectively. Transmission loss increased by 18% in Rajasthan, while wheeling charge increased by more than 50% in Andhra Pradesh…

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Better days are here for wind power

19 June 2023 | BRIDGE TO INDIA

Concerned by poor progress in the wind power sector, the government has made a series of announcements to stimulate capacity addition. It has notified a specific wind tender issuance sub-target of 10 GW annually until FY 2028 on top of hybrid and RTC tenders. It has also set a separate incremental wind RPO target of 6.94%, within the 43.33% RPO target by March 2030…

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Bridge To India

Opportunity to lead in electrolyser manufacturing

12 June 2023 | BRIDGE TO INDIA

L&T recently signed a technology licence agreement with France-based McPhy for making alkaline electrolysers in India. Before this, Greenko had signed an agreement with John Cockerill to build a 2 GW alkaline electrolyser manufacturing plant. Other companies to show an interest in electrolyser manufacturing include Adani, Ohmium, H2ePower, Reliance and GR Infraprojects.

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Open access for all

05 June 2023 | BRIDGE TO INDIA

The Ministry of Power has again relaxed green open access (OA) rules. OA will now be available to groups of consumers, connected to a single DISCOM, with combined sanctioned load of 100 kW or more instead of being restricted to individual consumers with a minimum sanctioned load of 100 kW. This ‘group OA’ concept is conceptually a huge change from restriction of OA to consumers with minimum sanctioned load of…

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China’s impressive solar story and lessons for India

29 May 2023 | BRIDGE TO INDIA

China is expected to add a record 125 GWp solar capacity this year, 5x the next biggest player (US) and up 44% over capacity addition in 2022, which itself was up 64% over the previous year. Total solar capacity is expected to cross 500 GWp by the end of this year, ahead of national target.

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BRIDGE TO INDIA – India RE Tenders Update – April 2023

26 May 2023 | BRIDGE TO INDIA

This video presents a summary of major sector developments including tender issuance and auctions in April 2023.

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