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Blogs


GST poses a big risk for the Indian solar industry

14 March 2016 | BRIDGE TO INDIA

Recent reports suggest that the changing numbers in India’s upper house of Parliament may mean that the Goods and Services Tax (GST) Bill could be passed by July 2016 (refer)....

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Karnataka bid results raise important questions

07 March 2016 | BRIDGE TO INDIA

Karnataka announced results for its 1,200 MW solar project tender last week. This tender was very unique as it sought bids for up to 20 MW capacity on a taluk-by-taluk basis in 60 taluks (refer) in an effort to distribute solar capacity evenly across the state. 100 MW of capacity was reserved for solar cell...

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With a focus on financing, FY 17 budget increases fund allocation to IREDA

29 February 2016 | BRIDGE TO INDIA

The Finance Minister of India presented the union budget for the financial year 2016-17 (April 16 – Mar 17) earlier today. As predicted by us earlier this month, there is no substantial change in central government outlay for the sector (refer). The most significant announcement is about an investment...

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Is mandatory rooftop solar the key to rapid deployment? Chandigarh to take the test.

26 February 2016 | Shaurya Bajaj

The Chandigarh Renewable Energy Science and Technology Promotion Society (CREST) is likely to issue a notification making rooftop solar mandatory in the union territory.  If that happens, Chandigarh would follow the neighboring state Haryana and become the second region in the country to make rooftop solar compulsory.  The mandate targets commercial, government and residential...

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Bridge To India

States to revamp solar targets in line with the country’s 100 GW target

22 February 2016 | BRIDGE TO INDIA

The MNRE has asked all states to revise their solar policy targets (refer) to make them consistent with the revised Renewable Purchase Obligation (RPO) target of 8% by 2022, as notified under the revised Tariff Policy published in the Gazette of India on 28th January 2016. States...

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Scrap Dollar based bidding for solar projects

18 February 2016 | Mudit Jain

The Ministry of New and Renewable Energy (MNRE) has been keen to introduce Dollar denominated bidding for solar projects. The rationale is to eliminate currency risk for international developers and manage this on aggregate basis thereby reducing the solar tariffs. When the concept was first mooted in the second quarter of 2015, the solar tariffs in India were in the range of INR 6.00 –...

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No major surprises likely in the budget

15 February 2016 | BRIDGE TO INDIA

Indian government is expected to table the budget for 2016-17 on 29th February 2016. Due to severe constraints on the government’s fiscal position, room for new expenditure including spending on solar sector seems limited. Intelligent use of the available fiscal resources should be the focus for the sector. The budget is likely to approve funding for already announced schemes and higher...

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SECI is re-opening 50 MW tender in Maharashtra for bidding – has the tariff revision dampened investor’s interest?

08 February 2016 | BRIDGE TO INDIA

Bids were submitted last month for a 500 MW tender under the Viability Gap Funding (VGF) scheme to Solar Energy Corporation of India (SECI). In this tender, 50 MW was reserved for Domestic Content Requirement (DCR) category and remaining 450 MW was for open category. However, the bidder interest in this tender was highly subdued as compared to other recent tenders (

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Bridge To India

India may remove domestic procurement requirement for private solar allocations

01 February 2016 | BRIDGE TO INDIA

In August 2015, World Trade Organization (WTO) declared that it was illegal for India to impose ‘Domestic Content Requirement’ (DCR) obligation for solar cells and modules. India had appealed against this ruling and continues to allocate projects under the DCR category. However, India has now offered a compromise to the US by removing DCR requirements for private sector projects only (the...

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New tariff policy can be a significant reform for the power and renewable sector

25 January 2016 | BRIDGE TO INDIA

Last week, India’s Cabinet Committee on Economic Affairs (CCEA) approved amendments to the National Tariff Policy 2005 (refer). While the policy document has not yet been released, the draft version issued by the Ministry of Power in April 2015 is available (

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Subdued bid interest for SECI’s 500 MW tender in Maharashtra

18 January 2016 | BRIDGE TO INDIA

Earlier this month, bids were submitted to Solar Energy Corporation of India (SECI) for 500 MW of solar PV projects in Maharashtra under Viability Gap Funding (VGF) mechanism. Out of the total capacity under this tender, 50 MW of projects are reserved for modules meeting domestic content requirement (DCR). Key highlights of this tender are – minimum project size of 10 MW, no maximum limit,...

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India adds 2 GW of utility scale solar capacity in 2015; to install 4.8 GW in 2016

11 January 2016 | BRIDGE TO INDIA

BRIDGE TO INDIA research shows that utility scale solar projects totaling up to 4.8 GW of capacity will be commissioned in the calendar year 2016, a growth of 140% over capacity commissioned in 2015. Contrary to popular perception, new capacity addition in 2016 will be driven largely by state level allocations. Delays in new allocations by NTPC and SECI mean that most of the recently allocated...

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