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Weekly Update: Can the proposed change in REC pricing revive a dysfunctional market?

14 October 2014 | BRIDGE TO INDIA

The Renewable Energy Certificate (REC) mechanism was introduced three years ago as a market tool to support the policy of Renewable Purchase Obligation (RPO). However, since then, the mechanism has attracted little interest from investors. Projects that counted on REC income have made losses as there were not enough takers for RECs. The Central Electricity Regulatory Commission (CERC) has now...

Weekly update : As solar targets become larger, the spotlight turns on policy delivery

07 October 2014 | BRIDGE TO INDIA

Several new announcements at the central and state level are creating a lot of excitement in the Indian solar market (read the October 2014 edition of the India Solar Compass). Last week, Rajasthan notified that it is looking to revamp its solar policy to achieve 25 GW of solar capacity in five years (

Weekly Update:Telangana releases tender for 500 MW of solar PV capacity

02 September 2014 | Jasmeet Khurana

The newly created south Indian state of Telangana, which was carved out of the state of Andhra Pradesh, has announced a 500 MW solar PV tender (refer). This comes within a month of the now smaller, remaining part of Andhra Pradesh announcing its own 500 MW tender (refer). While the Andhra Pradesh tender is based on the district wise L1 method of bidding, where all the perspective bidders need to...

Weekly Update: No anti-dumping duties: Indian government lets deadline lapse

26 August 2014 | BRIDGE TO INDIA

In a major relief to the solar sector, the Ministry of Finance (MoF) has not acted upon the recommendations made by the Ministry of Commerce (MoC) for imposing anti-dumping duties on import of solar cells and modules. No official communiqué has been issued by the MoF yet but the deadline of 22nd August 2014 for acting upon the recommendations has gone by. Government to focus...

Weekly Update: MNRE receives funds for sanction of capital subsidy for a rooftop capacity of 25 MW

19 August 2014 | BRIDGE TO INDIA

After a long delay, the Ministry of New and Renewable Energy (MNRE) has finally received a budgetary allocation to go ahead with sanction of 30% capital subsidy for a 25 MW rooftop solar capacity under the Central Financial Assistance (CFA) scheme (

Weekly Update: India mulls doing away with reverse bidding

12 August 2014 | Akhilesh Magal

Mr. Tarun Kapoor, Joint Secretary for the Ministry of New and Renewable Energy (MNRE) announced at a conference last week that India might look at following Germany’s lead by going ahead with fixed Feed-in Tariffs (FiT) as...

Weekly Update: Uttar Pradesh releases RfP for 300 MW

05 August 2014 | Akhilesh Magal

The state of Uttar Pradesh released a Request for Proposal (RfP) for 300 MW of solar PV last week (click here to access). This is a part of Uttar Pradesh’s solar policy announced last year that targets 500 MW by 2017. In March 2013, the state had...

Weekly Update: The Indian government wants to fix the RPO mechanism

30 July 2014 | Jasmeet Khurana

Last week, the Ministry for New and Renewable Energy (MNRE) under the new minister held a meeting with the Forum of Regulators (FoR) to discuss ways to revive the Renewable Purchase Obligation (RPO) mechanism (refer). Until...

Why the Indian solar market is exciting and dynamic

02 July 2014 | Tobias Engelmeier

Is the Indian solar market finally going to live up to its huge promise? I have hopes that it will. The new government has made all the right “noises”. It wants to embed solar firmly within a larger energy strategy for the country. The new Power Minister, Piyush Goyal, wants to take his cue from China, currently the world’s largest solar market. At the same time (and predictably) power...

Weekly Update: Rooftop solar subsidy mechanism to continue – but will the government provide funds?

01 July 2014 | Jasmeet Khurana

On 26th June 2014, the Ministry of New and Renewable Energy (MNRE) announced continuation of the capital subsidy scheme for rooftop solar projects (refer). Under this scheme, the government will continue to provide 30% of the capital cost of the...