10 April 2018 | BRIDGE TO INDIA
Last week, MNRE issued a clarification to its guidelines for competitive bidding of solar PV projects. The clarification allows inclusion of changes in duties and other cesses in Change in Law provisions in power purchase agreements. It effectively means that risk of any new duties or changes in duties including safeguard and/or anti-dumping duties arising after the “last date of bid...
02 April 2018 | BRIDGE TO INDIA
Gujarat conducted e-auction for a 500 MW utility scale PV solar tender last week. Capacity has been won by four developers at tariffs between INR 2.98 – 3.06/ kWh – Kalthia Engineering (50 MW, INR 2.98), Gujarat State Electricity Corporation (GSEC) (150 MW, INR 3.00), Acme (100 MW, INR 3.06) and Azure (200 MW, INR 3.06). Losing bidders include Hero, Adani, Shapoorji Pallonji, Mahindra,...
22 January 2018 | BRIDGE TO INDIA
In our last few bulletins, we have written extensively upon the recent challenges faced by the RE sector. Here, we take a look at what to expect in 2018. The year has obviously started on a shaky note with the
18 December 2017 | BRIDGE TO INDIA
As the year 2017 comes to an end, we take stock of the progress made by the Indian renewable energy sector. It was an eventful year, during which annual capacity addition is estimated to touch record levels of 10.9 GW (+66% over 2016) including utility scale solar (9 GW, +110%), rooftop solar (887 MW, +60%) and wind (4 GW, +11%). Utility scale solar capacity addition actually exceeded our...
28 November 2017 | Surbhi Singhvi
Since 2014, around 29 GW of utility scale solar tenders have been issued in India. Most of this capacity (81%, 23.5 GW) has been tendered by NTPC, Solar Energy Corporation of India Limited (SECI), distribution companies (DISCOMs) and other public sector entities for project development by private sector. But there is also a sizeable 19% (5.5 GW) tendered in the form of EPC contracts, where...
18 April 2016 | BRIDGE TO INDIA
As part of the memorandum of understanding signed under the UDAY scheme, the Ministry of Power has allowed a roll forward of the Renewable Purchase Obligation (RPO) for Uttar Pradesh by seven years (refer). Meanwhile, state power distribution companies in Odisha have got a stay on enforcement of...
12 November 2014 | Mudit Jain
Uttarakhand has opened the financial bid for a 30 MW tender which was floated in August’14. Despite the projects lacking scale advantage, Redwood projects has quoted a highly aggressive bid of INR 6.85/kWh for a 1 MW project. This bid is the lowest and is INR 0.71/kWh below the next bid. Overall, the median winning bid is INR 7.75/kWh, which is 12% higher than the median winning bids in...
05 November 2014 | BRIDGE TO INDIA
Since the 1950’s, the world has witnessed (and recorded) global warming at an unprecedented speed. This radical change in the climatic system has been attributed to massive emissions of CO2 and other greenhouse gases, due to industrialization and related, modern lifestyles. While there have been debates in the past over the reality and validity of global warming, there is now an overwhelming...
16 November 2012 | Jasmeet Khurana
BRIDGE TO INDIA attended the 6th Renewable Energy India Expo in New Delhi from November 7th-November 9th 2012. While the general air of excitement regarding the Indian solar market was lacking as compared to 2011, there was some cause of excitement for the Indian manufacturing industry. Chinese module companies were astir with the rumor of anti dumping duties being announced in the week starting...
