Blogs
Pumped storage in limelight
27 March 2023 | BRIDGE TO INDIA
After years of being talked up with little on-the-ground progress, pumped storage is finally on a roll in India. Noting the urgent need for more system flexibility in view of growing renewable capacity addition and high cost of battery storage, the Ministry of Power has issued draft guidelines for development of pumped storage projects (PSP).
RPO target too steep for most states
20 March 2023 | BRIDGE TO INDIA
Uttarakhand has become the latest state to accept the Ministry of Power’s (MOP) revised RPO target of 43.33% by FY 2030. Six other states including Himachal Pradesh, Rajasthan, Haryana, Punjab, Chhattisgarh and Madhya Pradesh have already done so. Himachal Pradesh and Madhya Pradesh have issued final regulations whereas other states are still at draft stage…
I-RECs gaining traction but challenges remain
13 March 2023 | BRIDGE TO INDIA
International Renewable Energy Certificates (I-RECs) are becoming more popular in India. In 2022, new projects aggregating 1 GW capacity were registered under the scheme outpacing registrations under the Indian REC scheme for the second year in a row. Aggregate registered capacity has now touched 3.7 GW, split between solar, wind and hydro power…
Government releases 500 GW transmission plan
06 March 2023 | BRIDGE TO INDIA
CEA has released a transmission network plan to enable cumulative renewable power capacity of 500 GW by March 2030. Setting aside previously announced schemes, the plan envisages further network expansion for evacuating 253 GW renewable capacity together with 51.5 GW battery…
BRIDGE TO INDIA – India RE Policies Update – January 2023
03 March 2023 | BRIDGE TO INDIA
This video presents a summary of major policy and regulatory developments in January 2023.
BRIDGE TO INDIA – India RE Tenders Update – January 2023
03 March 2023 | BRIDGE TO INDIA
This video presents a summary of major sector developments including tender issuance and auctions in January 2023.
Positive surprise on DISCOM dues
27 February 2023 | BRIDGE TO INDIA
In an unexpected positive development for the renewable sector, DISCOM dues have been coming down steadily over the last seven months. PRAAPTI portal, maintained by the Ministry of Power, reports DISCOM overdues (amounts outstanding past their due date) coming down from INR 1,367 billion in July 2022 to INR 288 billion at present, a fall of 79%. The fall is seen...
Government blinks on ALMM
20 February 2023 | BRIDGE TO INDIA
The Power Minister has announced that the government is planning to waive ALMM requirement for two years because of lack of sufficient domestic manufacturing capacity. A final notification is expected shortly. It is not clear as yet if the requirement will be waived for all projects or only projects tendered by government...
Non-solar power dominates exchange trading
13 February 2023 | BRIDGE TO INDIA
Renewable power trading on the exchanges grew strongly in 2022 with total volume up 60% YOY to 7,397 GWh. One clear trend in the market was increasing preference for non-solar power, which accounted for 72% of total volume and bulk of total growth. Non-solar power also enjoyed a 28% price premium over solar power – average price of INR 6.35/ kWh vs INR 4.98/ kWh respectively – on the Green...
Wind OEMs passing risks to project developers
06 February 2023 | BRIDGE TO INDIA
Slowing growth and mounting execution risks have had a disastrous impact on financial health of wind turbine manufacturers. FY 2022 operational income for Inox Wind and Suzlon, two of India’s biggest OEMs, was down by 86% and 31% respectively in comparison to FY 2016 numbers. Both companies have been consistently reporting losses since FY 2018. Alongside other smaller OEMs, they have had to...
BRIDGE TO INDIA – India RE Policies Update – December 2022
03 February 2023 | BRIDGE TO INDIA
This video presents a summary of major policy and regulatory developments in December 2022.
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.
