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Blogs


BRIDGE TO INDIA – India RE Tenders Update – December 2022

03 February 2023 | BRIDGE TO INDIA

This video presents a summary of major sector developments including tender issuance and auctions in December 2022.

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Peak power tenders gaining traction

30 January 2023 | BRIDGE TO INDIA

MSEDCL recently concluded auction for its 250 MW peak power tender issued in August 2022. Tariff for daytime power (10 AM-6 PM) was fixed at INR 2.42/ kWh and bidders were required to quote a tariff for supply during remaining hours (6 PM-10 AM). There were four bidders – Ayana (150 MW) and NTPC (250 MW) quoted the lowest tariff...

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New deviation penalty regime bites the sector

23 January 2023 | BRIDGE TO INDIA

CERC, the central power sector regulator, has issued an order capping base penalty rate under Deviation Settlement Mechanism (DSM) at INR 12/ kWh for both power producers and consumers. Earlier, the base rate was set at maximum of weighted average price discovered on power exchanges and weighted average ancillary service charge. The change came in response to reports of around 20% increase in...

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Green hydrogen ambition needs more tangible support

18 January 2023 | BRIDGE TO INDIA

MNRE has finally released the much-anticipated National Green Hydrogen Mission document. As expected, the target is to build 5 MMTPA green hydrogen production capacity fuelled by 125 GW renewable power capacity by FY 2030 for domestic consumption. The document sets out an additional aspiration of becoming a global hydrogen hub with...

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Bridge To India

2023, the turnaround year?

09 January 2023 | BRIDGE TO INDIA

Best wishes for a very happy new year to all our subscribers! 2022 was the year when renewable power sector proved its resilience in the face of extreme cost pressures, BCD, ALMM, shortage of modules and transmission system hold ups. Our estimates suggest a record capacity addition of 16.4 GW, up 31%, split 88:12 between solar and wind respectively. The new year has started on a good note...

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India Renewable Sector Update – November 2022

01 January 2023 | 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 November...

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India Renewable Sector Update – November 2022

31 December 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 November...

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2022 review | Corporate renewable market coming of age

19 December 2022 | BRIDGE TO INDIA

India added 3,761 MW corporate renewable capacity in first nine months of the year, 61% more than in whole of 2021. The numbers are especially pleasing because of a series of recent adverse developments including increase in construction costs, imposition of BCD and

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Bridge To India

2022 review | The worst is over on the bidding front

12 December 2022 | BRIDGE TO INDIA

2022 was an exceptional year in terms of project auctions. There was a double whammy for project developers as they were hit by weak demand from DISCOMs and escalating costs. Total auctioned capacity fell by 47% over previous year to just 9,855 MW, a five year low. There were only 3 auctions over 100 MW between all central government entities aggregating 3,500 MW, down 71% YOY. Slowdown in...

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2022 review | Financing a bright spark

05 December 2022 | BRIDGE TO INDIA

Amongst all the travails including land, transmission, cost pressures, delays in equipment supply and policy uncertainty, financing continued to be somewhat of a bright spot for the renewable sector in 2022. The year saw as many as 18 equity investment deals totalling at least USD 3,873 million, up 79% over 2021. In addition, there were 16 M&A announcements with enterprise value exceeding...

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India Renewable Sector Update – October 2022

29 November 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 October...

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2022 review | Lack of home-grown technology a gaping vulnerability

28 November 2022 | BRIDGE TO INDIA

In a recent note, we identified land, transmission and technology as the most acute supply side challenges for the renewable sector. Dependence on overseas technology is a key risk specifically for the Indian renewable sector. However, technology receives little attention in the discourse on sector...

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