Blogs
A status check on Dollar dominated bids for solar projects in India
10 August 2015 | BRIDGE TO INDIA
India has been discussing dollar dominated bids for solar projects in the country for some time now. The rationale is to attract low cost international capital and reduce hedging costs by pooling currency risk with the ultimate objective of reducing the cost of solar power. An initial allocation for 1 GW of projects is believed to be in planning stages and guidelines on bidding process are...
Telangana gets lowest bid at INR 5.17/kWh in India’s largest solar tender
03 August 2015 | BRIDGE TO INDIA
Financial bids were opened today (3rd August 2015) for the 2,000 MW solar tender in Telangana. This is the single largest allocation in the country till date. According to unconfirmed sources, the lowest tariff for this bid has been quoted at INR 5.17/kWh by SkyPower. Sky Power had also quoted the lowest tariff in Madhya Pradesh at INR 5.05/kWh. Despite the manifold increase in the...
Expect bruises, not bubbles in India’s solar market
29 July 2015 | Tobias Engelmeier
The Indian solar market is growing at a breathtaking speed: This year alone, by more than 300%, next year perhaps by 150%. Competition is as intense as the market is enthusiastic. Projects are being won at record low tariffs – tariffs that many observers doubt will leave investors with acceptable returns. Will these projects be “stranded solar assets”? Is there a bubble in the making?...
Renewables in India: Bringing it All Together
27 July 2015 | BRIDGE TO INDIA
Recently, the Ministry of New and Renewable Energy (MNRE) released a draft of the “National Renewable Energy Act” (refer). Along with the proposed amendments to the Electricity Act 2003 and the National Tariff Policy 2005 (
Evolution or Revolution? How renewables will shape our future
22 July 2015 | Tobias Engelmeier
In the early 20th century, when cars started to compete with horse-drawn carriages in Europe, they still had innumerable technical teething issues and no distribution channels. Germany’s last emperor William II famously said (possibly while sitting on a horse): “I believe in horses, automobiles are a passing phenomenon.” Well, you know which side of history...
Madhya Pradesh bid results: record low tariffs, tight margins
20 July 2015 | BRIDGE TO INDIA
Last week, 300 MW of solar capacity was auctioned in the Indian state of Madhya Pradesh (MP). The record low tariffs surprised most observers. Canadian developer Sky Power offered to sell solar power at INR 5.05/kWh (50 MW capacity). The bids closed at INR 5.64/kWh with the median tariff at INR 5.34/kWh. The auction received a lot of interest and over 2,200 MW of projects were offered at tariffs...
Lowest Tariffs, Accelerating Growth: How India’s Solar Market is Changing
17 July 2015 | Tobias Engelmeier
A year ago, the Indian government announced a goal of 100 GW of solar by 2022. Large parts or the markets (including us) were skeptical. In the last couple of months, however, the mood has changed. We revise our growth projections for 2015 up from 3 GW to 4.5 GW Solar tariffs have dropped to as low as 5.05 per kWh Some stumbling blocks remain These are the reasons to be...
Solar policy vs. DISCOMs – Round One
13 July 2015 | BRIDGE TO INDIA
One group in India that has so far not shared the enthusiasm about the country’s solar ambitions is utilities. Their immediate concerns relate to how the transmission and distribution grid is used and paid for. At a more fundamental level, they are wondering about whether the growth of solar will restrict or change their role in India’s future electricity system. While some DISCOMs have...
Why “Swaminomics” is wrong – solar has passed the point of no return in India
06 July 2015 | BRIDGE TO INDIA
On Sunday, 5th June 2015, one of India’s leading economic journalists, Swaminathan Aiyar, in his weekly column “Swaminomics”, wrote that India should wait for five years before trying to implement big plans for solar (refer). He...
India plans to make renewables mandatory on rooftops
22 June 2015 | BRIDGE TO INDIA
Last week, the Cabinet Committee on Economic Affairs, chaired by the Prime Minister formally gave its approval for stepping up India’s solar power capacity target to 100 GW by 2022 (refer). The press release included some bold policy ideas to achieve the goal. They include:...
As India adds over 1 GW of solar in the last year, Rajasthan emerges as the leading investment choice
18 June 2015 | Jyoti Gulia
The past financial year has seen a marked uptake in solar activities in India with new capacity installations and many new allocations and policy announcements. Rajasthan has emerged as a preferred investment choice and will likely remain so in the coming years. Please download our free India Solar Handbook 2015 for more information (
India to realistically install 31 GW of solar until 2019: BRIDGE TO INDIA
15 June 2015 | BRIDGE TO INDIA
Last week, BRIDGE TO INDIA released the yearly India Solar Handbook (2015 edition) at InterSolar, Munich (download the report here). While the report examines various aspects of the Indian solar market, one of the most commonly asked questions that it tries to answer is: How much solar will India really...
