Blogs
Weekly Update: How will financing of NSM projects work?
07 January 2014 | Jasmeet Khurana
Developers are in the process of finalizing their bids for National Solar Mission (NSM) projects. The use of Viability Gap Funding (VGF) mechanism for the first time, resulting in significantly different cash flow profiles, poses many interesting questions for developers. Financial structuring will play a very important role in determining bid outcomes. SECI has the right to claw back VGF in...
Tamil Nadu’s 10,000 solar rooftop policy: A winning proposition for residential consumers
06 January 2014 | Akhilesh Magal
The Government of Tamil Nadu released a new scheme called the 10,000 solar rooftop scheme for domestic consumers on 2nd December 2013 (click here to access the scheme, and here to access the corrigendum document). The...
Weekly Update: How will financing of NSM projects work?
04 January 2014 | Jasmeet Khurana
Developers are in the process of finalizing their bids for National Solar Mission (NSM) projects. The use of Viability Gap Funding (VGF) mechanism for the first time, resulting in significantly different cash flow profiles, poses many interesting questions for developers. Financial structuring will play a very important role in determining bid outcomes. As VGF is disbursed only after...
The transition of the Indian solar market from an incentive driven market to a parity driven market
02 January 2014 | BRIDGE TO INDIA
The January 2014 edition of BRIDGE TO INDIA’s quarterly publication, the India Solar Compass, has been released. The new edition focuses on the current state of the Indian solar market which is in transition from being an incentive driven market to a parity driven market. A gist of this edition of the Compass is given below. A positive implication of the transition is a possible shift from...
Weekly Update: Solar makes more sense than nuclear for India
31 December 2013 | Vinay Rustagi
Recent reports indicated that India’s Department of Atomic Energy (DAE) is in an uncomfortable situation as the cost of power from its new nuclear power projects appears to be too high (refer). It has been reported that the cost per unit at the 9,900 MW...
Renewables revolution – what should utilities do? Part 3: Survive and succeed
18 December 2013 | Tobias Engelmeier
Across the globe, renewables are entering into their second phase: no longer driven by subsidies or even climate concerns, they directly compete with existing fossil fuel based power. So far, few utilities have been able to manage even the first phase successfully. And they seem to be struggling to strategize the second. Why is that the case? Should they oppose or embrace renewables? This...
Weekly Update: SECI allocates 8.75 MW of rooftop PV capacity
17 December 2013 | Jasmeet Khurana
Last week, Solar Energy Corporation of India (SECI) announced results for third phase of allocations under the rooftop PV projects scheme in select cities. A capacity of 8.75 MW has been allocated across 21 projects in nine cities: Chennai, Coimbatore, Delhi, Kolkata, Mumbai, Pune, Palatana, Chandigarh and Gwalior. Capacities allocated to individual project developers range between 250 kWp to...
Renewables revolution – what should utilities do? Part 2: The choice
11 December 2013 | Tobias Engelmeier
Across the globe, renewables are entering into their second phase: no longer driven by subsidies or even climate concerns, they directly compete with existing fossil fuel based power. So far, few utilities have been able to manage even the first phase successfully. And they seem to be struggling to strategize the second. Why is that the case? Should they oppose or embrace renewables? This is...
Weekly Update: Solar PV market for diesel abatement in India is preparing for new investments
09 December 2013 | Jasmeet Khurana
Tata Cleantech Capital recently announced that it may provide funds for as much as INR 2.5 billion (EUR 30m) of renewable and energy-efficiency projects in India (refer). The key new opportunity highlighted has been the parity...
Weekly Update: Power tariffs set to rise as the debt restructuring process for states gets underway
03 December 2013 | Jasmeet Khurana
As a part of the central government’s debt restructuring process, four states – Haryana, Uttar Pradesh, Rajasthan and Tamil Nadu – have begun the process of taking over their short term liabilities from the respective power distribution companies (
Renewables revolution – what should utilities do? Part 1: The dilemma
03 December 2013 | Tobias Engelmeier
Across the globe, renewables are entering into their second phase: no longer driven by subsidies or even climate concerns, they directly compete with existing fossil fuel based power. So far, few utilities have been able to manage even the first phase successfully. And they seem to be struggling to strategize the second. Why is that the case? Should they oppose or embrace renewables? This is...
Tamil Nadu’s net metering policy – a step forward and two steps back
28 November 2013 | Akhilesh Magal
Tamil Nadu announced its final order on LT connectivity and net metering on 13th November 2013 (click here to view it). The highlights of this order are: Generation Based Incentive (GBI) is applicable for domestic (residential) consumers. This makes the policy an attractive...
