Blogs
Weekly Update: Gujarat’s claim for retrospective revision in tariffs is fundamentally flawed
15 July 2013 | Jasmeet Khurana
In a recent petition, Gujarat’s energy company Gujarat Urja Vikas Nigam Ltd. (GUVNL) claims that the levelized tariff of INR 12.54/kWh being paid to the state’s solar power developers is too high and should be reduced (refer to our last weekly update). The petition (
Weekly Update:Project developers in Gujarat may face a retrospective reduction in tariffs
09 July 2013 | Jasmeet Khurana
Gujarat Urja Vikas Nigam Limited (GUVNL), the off-taker for 852 MW of installed solar capacity in the state, has submitted a petition to Gujarat Electricity Regulatory Commission (GERC) to intervene and facilitate the re-negotiation of tariffs for the already installed projects. GUVNL claims that a capital cost of INR 165 m/MW was assumed to determine the tariff , however, most developers...
Introducing IndiaSolarHomes.com: Your online guide to going solar in India
08 July 2013 | BRIDGE TO INDIA
With a widening energy deficit and increasing power tariffs, India’s electricity sector is in dire need of improvement and innovation. One of the main upcoming drivers for rectifying India’s energy issues will be residential solar rooftop installations, which will prove to be one of the most viable, accessible and reliable power solutions for homes and other buildings in...
Weekly Update: A Lesson from Bihar: states should allocate solar projects based on a policy
02 July 2013 | Jasmeet Khurana
Bihar State Power (Holding) Company Limited (BSPHCL) had recently issued a tender for an allocation of a 100 MW capacity in the state. Today (July 1st 2013), is the last date for the submission of the bids. The solar projects are expected to meet the solar renewable purchase obligations (RPOs) of the state-owned power distribution companies. Allocation of projects should be under a policy...
The market this quarter: The July 2013 edition of the INDIA SOLAR COMPASS
30 June 2013 | BRIDGE TO INDIA
BRIDGE TO INDIA has launched the July 2013 edition of the INDIA SOLAR COMPASS, a quarterly market analysis report to the Indian solar market. This post is an excerpt from the report’s ‘Overview’ section. In the previous quarter (April 2013 to June 2013), the Indian...
Weekly Update: Has India lost its sheen for solar PV investments?
25 June 2013 | Jasmeet Khurana
Since 2003, Ernst & Young has been releasing its global quarterly publication, renewable energy country attractiveness index (RECAI) that ranks 40 countries on the attractiveness of their renewable energy investment and deployment opportunities. This index is based on a number of macro, energy market and technology-specific indicators. India’s RECAI ranking for solar investments has...
Weekly Update: New allocations in India for the current financial year to reach 2.5 GW
18 June 2013 | Jasmeet Khurana
Andhra Pradesh, Tamil Nadu, Uttar Pradesh and Punjab have all recently issued Letters of Interest (LOIs) after carrying out their respective processes for allocation of new solar PV projects. These allocations would cumulatively account for a capacity of almost 1.5 GW. Andhra Pradesh is now looking to allocate a solar PV capacity of 350 MW and not 1000 MW, while Uttar Pradesh planned to...
How can market growth be triggered for solar in India?
17 June 2013 | BRIDGE TO INDIA
BRIDGE TO INDIA has launched the June 2013 edition of the...
The future of RPOs and RECs
12 June 2013 | Tobias Engelmeier
The Renewable Purchase Obligation (RPO) mechanism in India sits awkwardly between the older generation-based incentives for renewable energies and the coming parity. Half supply side push, half demand side pull, is an incomplete framework in a rapidly changing power market. In the long run, it can become relevant only as a measure of success in implementing renewables in India, not as a specific...
Weekly Update: A capacity of 690 MW to be allocated in Tamil Nadu after a tempestuous process
11 June 2013 | Jasmeet Khurana
In December 2012, Tamil Nadu had announced a bidding process for a capacity allocation of 1,000 MW. Issues such as low bankability of the Power Purchase Agreement (PPA), limited time available for planning and commissioning and the need for developers to meet the lowest quoted tariff for successful allocation caused the allocations to be undersubscribed (
Weekly Update: Market for sale of solar power to commercial and industrial consumers picks up
05 June 2013 | Jasmeet Khurana
We observe a trend in the Indian solar PV project development space towards bilateral, open access, contracts (often under the ‘group captive’ model) for sale of power to industrial consumers. Many project developers are keen on the market for bilateral sale of power, while some are already selling power directly to industrial consumers Project developers plan for only a portion of...
Weekly Update: India’s major public sector, conventional power companies ready to go solar
28 May 2013 | Jasmeet Khurana
Coal India Limited (CIL) recently announced its foray into the Indian solar power sector with an initial project of 2 MW (refer).CIL is the largest coal mining company in India and accounts for 80% of the coal production in the country. CIL plans to set up solar...
