Blogs
Tata Power surges ahead in rooftop solar
10 October 2022 | BRIDGE TO INDIA
BRIDGE TO INDIA estimates that the country added 2,520 MW rooftop solar capacity in the 12-month period to June 2022, up 44% YOY. Based on the latest data compilation exercise, total rooftop solar capacity is estimated to have reached 10,221 MW, 17% of total solar capacity in the country. But growth was uneven...
Module PLI 2 to benefit fully integrated manufacturers
06 October 2022 | BRIDGE TO INDIA
MNRE has finally released details of module manufacturing PLI tranche 2 worth INR 195 billion (USD 2.4 billion). The budget has been split into three categories based on backward integration by the bidders. Separate PLI rate, completion time and local value addition requirements have been specified for the three categories. Table: Different bid categories Note: Actual PLI rate would be...
India Renewable Sector Update – August 2022
02 October 2022 | BRIDGE TO INDIA
This video presents a summary of major sector developments including tender issuance, auctions, policy and regulatory developments, financial deals and related market trends in August...
Merchant project structures in play
26 September 2022 | BRIDGE TO INDIA
Amazon has announced its first foray in utility scale renewables in India with an innovative deal structure. The company, running a large data centre in Telangana, has signed three long-term solar PPAs for a total capacity of 420 MW with ReNew (210 MW), Brookfield (110 MW) and AMP (100 MW). The projects would be built in Rajasthan, connected to the inter-state transmission grid and registered...
Conflicting policy signals not helpful
19 September 2022 | BRIDGE TO INDIA
CEA, the apex power sector planning agency in the country, has released draft National Electricity Plan with a detailed assessment of sector requirements for the next ten years (until FY 2032). The plan, revised every five years, lays out generation and transmission capacity growth roadmap to aid system planning and facilitate coordination between various government departments. The plan is...
Viability crisis in the solar sector
12 September 2022 | BRIDGE TO INDIA
National Solar Energy Federation of India (NSEFI), a solar industry association, has warned that about 25 GW of solar projects are facing risk of abandonment due to severe cost hikes over last two years. According to NSEFI, tariff for these projects...
First major storage auction, a milestone for the sector
05 September 2022 | BRIDGE TO INDIA
SECI has completed auction for a standalone 500 MW/ 1,000 MWh battery storage tender, the first of its kind. The project would be located in Rajasthan near Fatehgarh sub-station, a major solar power hub with total connectivity of 14 GW. JSW Energy has won the full capacity in a tight auction process...
India Renewable Sector Update – July 2022
02 September 2022 | BRIDGE TO INDIA
This video presents a summary of major sector developments including tender issuance, auctions, policy and regulatory developments, financial deals and related market trends in July...
Global race for renewables heating up
29 August 2022 | BRIDGE TO INDIA
The US Congress has passed a landmark law which aims to provide a massive boost to the clean energy sector. The law seeks to reduce clean energy costs, spur technology innovation, create jobs, incentivise domestic manufacturing...
States go after ‘behind the meter’ systems
22 August 2022 | BRIDGE TO INDIA
After resisting growth of net metering and open access markets, DISCOMs seem to be now turning their focus on ‘behind the meter’ (BTM) installations, a key engine of growth for the rooftop solar market in the last few years....
Electricity Act amendment bill back on the table but…
16 August 2022 | BRIDGE TO INDIA
After having seemingly binned the Electricity Act, 2003 amendment bill last year, the government has sprung a surprise by reviving it. A new draft has been tabled in parliament but immediately sent to a...
Carbon market would change entire business paradigm
09 August 2022 | BRIDGE TO INDIA
Since announcing the goal of achieving net zero emission status by 2070 in November 2021, the government has taken first tangible step in that direction. A bill has been introduced in the Lok Sabha to amend the Energy Conservation Act, 2001 to mandate use of non-fossil fuel based energy sources and establish carbon credit market in the country. It defines applicability threshold as all...
