Blogs
The Government of India launches an ambitious rooftop solar subsidy scheme
04 January 2016 | BRIDGE TO INDIA
India’s Cabinet Committee on Economic Affairs (CCEA) sanctioned INR 50 billion (USD 750 million) funding for 30% capital subsidy for rooftop solar installations (refer). The subsidy will be restricted to residential, government, social and institutional segments only and the government expects this...
CERC benchmark solar PV capital costs fall by more than 25% in 2 years
28 December 2015 | BRIDGE TO INDIA
Last week, Central Electricity Regulatory Commission (CERC) passed an order for determination of benchmark capital cost for solar PV projects for the financial year 2016-17 (refer). The order estimates capital cost including cost of equipment, construction, land, transmission and pre-operative expenses...
It is raining solar auctions in India, but high competition persists
21 December 2015 | BRIDGE TO INDIA
Last week, three e-auctions of solar projects were completed by National Thermal Power Corporation (NTPC). Our summary observations are as below: Competition continues to be intense with Softbank-Bharti group JV winning 350 MW in Andhra Pradesh at a price of INR 4.63/kWh. Interestingly, despite winning the previous allocation of 500 MW at INR 4.63/kWh, SunEdison didn’t qualify for the...
4 Ways In Which You Can Contribute To Reducing Global Warming
18 December 2015 | Tobias Engelmeier
The Paris Agreement on reducing global warming got everyone very excited. The leaders of the world came together and agreed on a deal that arguably helps and has some teeth. That is really good news. However, it’s not enough. And it is a topic too important to leave to politics. This is where we are: We need to stop global warming to save the planet (cheesy, but true), and we have...
Karnataka rolls out 1,200 MW tender
16 December 2015 | Shaurya Bajaj
On 20th November 2015, Karnataka Renewable Energy Development Agency issued a request for selection (RFS) for allocating 1,200 MW of solar PV projects. Karnataka has already allocated 690 MW of solar projects previously in phases (130 MW in 2012, 60 MW in 2013 and 500 MW in 2014). According to BRIDGE TO INDIA research total capacity commissioned in Karnataka is 126 MW under state policy....
COP21 and its implication on India’s solar power targets
14 December 2015 | BRIDGE TO INDIA
Climate talks in Paris over the past week have been hailed largely as successful by most analysts. After much anticipation, an agreement was adopted by 195 countries. Piyush Goyal, India’s minister for coal and power, has said that India lived up to expectations and that the country’s interests have been safeguarded in the final agreement (
Jharkhand to allocate 1,200 MW of solar capacity
07 December 2015 | BRIDGE TO INDIA
Last week, Jharkhand, one of India’s largest coal producing states and governed by BJP, announced a new tender for 1,200 MW of solar capacity allocation under its state policy (refer). This is the first such tender for the state. Projects under this tender are expected to be allocated under two categories: 200 MW for projects smaller than 25 MW (minimum size is 1 MW) and 1,000 MW for projects...
Telangana yet another example of policy uncertainty in India
30 November 2015 | BRIDGE TO INDIA
Telangana successfully completed auction for 2,000 MW of grid connected, ground mounted solar projects in India in August 2015 and PPAs were expected to be signed by October 2015 (refer). However, there has been a considerable delay in signing these PPAs. The process...
Taking stock of solar policy progress in India
23 November 2015 | BRIDGE TO INDIA
Around this time last year, India announced its ambitious target to install 100 GW of solar by 2022 (refer). This target was then officially adopted by the Indian cabinet in June 2015 (
What to expect from India’s new rooftop solar policy?
16 November 2015 | BRIDGE TO INDIA
Earlier this month, India’s minister for new and renewable energy, Piyush Goyal, announced that the country’s rooftop solar policy is now ready to be placed before the union cabinet (refer). This...
Success of the DISCOM package crucial to the future of solar power
09 November 2015 | BRIDGE TO INDIA
Last week, the government unveiled its Ujwal DISCOM Assurance Yojana (UDAY), a scheme intended to find a permanent solution to the financial mess facing the power distribution companies (DISCOMs) in the country. The key planks of the scheme are getting state governments to assume 75% of total debt obligations of their respective DISCOMs and getting banks to reduce interest rates on the remaining...
500 MW of NSM bids in Andhra Pradesh to close below INR 5.37/kWh
02 November 2015 | BRIDGE TO INDIA
First round bid results have been released today for the 500 MW National Solar Mission (NSM) tender in Andhra Pradesh. Bids were submitted for over 5.5 GW by 30 developers with tariffs ranging between INR 5.21/kWh and INR 6.45/kWh. 28 developers have been selected to move to the second round of electronic bidding and the highest qualifying bid to move into the second round stands at INR...
