India Renewable Power Tenders and Policies Update – January 2022
This video presents a summary of major sector developments including tender issuance, auctions, policy and regulatory developments, financial deals and related market trends in January 2022. The post...
View ArticleAn essential step towards deepening ancillary services market
CERC, India’s central power sector regulator, recently issued a regulation expanding scope of ancillary services and including large consumers and energy storage as potential service providers. The...
View ArticleSharp rise in peak power deficit
It is early March and peak power demand this month has already hit 195 GW as against 186 GW last year. Peak demand over last five years has grown at a CAGR of 4.6% outpacing total power demand CAGR of...
View ArticleAndhra Pradesh decision a small victory for project developers
Thirty two months after the Andhra Pradesh government’s flagrant attempt to renegotiate over 7,500 MW of renewable power PPAs, the state High Court has finally restored status quo. The High Court has,...
View ArticleDecarbonisation push and ISTS waiver fuel corporate renewable demand
ArcelorMittal, one of India’s largest steel producers, has signed an agreement with Greenko to procure a 250 MW inter-state round-the-clock (RTC) open access (OA) renewable power project. Power would...
View ArticleIndia Renewable Market Updates – February 2022
This video presents a summary of major sector developments including tender issuance, auctions, policy and regulatory developments, financial deals and related market trends in February 2022. The post...
View ArticleNew DSM regulation to add cost for developers
CERC, India’s central power sector regulator, has revised regulations pertaining to the Deviation Settlement Mechanism (DSM) for solar and wind power projects. The regulator has both tightened the...
View ArticleResidential segment perks up rooftop solar
BRIDGE TO INDIA estimates that new rooftop installations in 2021 touched a record high of 2,196 MW, up 62% over previous year. As of December 2021, total rooftop solar capacity is estimated at 8,988...
View ArticleOffshore wind not good value for money
MNRE has revived offshore wind plans with industry consultation for developing 1 GW and 2 GW capacity off the coast of Gujarat and Tamil Nadu respectively. Power is proposed to be sold to the...
View ArticleWind sector hobbled by soaring costs, unrealistic bids
India added only 1,033 MW wind power generation capacity in 2021, down 14% YOY, taking total wind capacity to 40,709 MW. This is the fourth straight year of decline in capacity addition after...
View ArticleA peek into the future of solar manufacturing in India
Two weeks ago, I had an opportunity to visit the 750 MW solar PV cell and module plant owned by Premier Energies in Hyderabad. Construction of this plant, India’s second largest, was completed in a...
View ArticleIndia Renewable Sector Update – March 2022
This video presents a summary of major sector developments including tender issuance, auctions, policy and regulatory developments, financial deals and related market trends in March 2022. The post...
View ArticlePrivate ownership more desirable for renewables
Shell just announced 100% acquisition of Sprng Energy from Actis with an enterprise value of USD 1.55 billion. The company has a portfolio of 2.3 GW solar and wind projects including 0.8 GW capacity...
View ArticleStates take on the tendering mantle while SECI goes slow
Pace of tender issuance and auctions has now stayed weak for over two years. Since touching a peak of 38,026 MW and 29,240 MW in 2019, tender issuance and auctions have averaged at annualised levels...
View ArticleIPP valuations driven by technical factors
In the last three years, there have been a total of 33 M&A or private equity transactions exceeding USD 100 million in size in the renewable IPP business. Total investment value of these deals is...
View ArticleSoaring battery storage costs dim adoption prospects
Greenko has commenced construction of an integrated 5,230 MW pumped hydro storage and solar-wind hybrid project in Andhra Pradesh at an estimated cost of USD 3 billion. The project, with a reported...
View ArticleModule costs staying firm
Against all industry expectations, module prices continue to move up and show no sign of cooling down. Mono-PERC cell and module prices are currently reported at USD cents 16/ Wp and 29/ Wp, up 18%...
View ArticleREviews: Interview with Ecoppia
Robotic cleaning has gained immense popularity in India due to acute shortage of suitable water for manual cleaning at most sites, lower cost and gains in power yield. To understand key trends in this...
View ArticleLocal project developers cementing their leadership position
ReNew announced acquisition of a 528 MW wind and solar portfolio spread over eight states earlier this week. This transaction, eighth such acquisition by ReNew, takes its total portfolio to over 12.8...
View ArticleGreen power exchange an emerging option for corporate consumers
Open access and rooftop solar can potentially meet only about 40-50% of a corporate consumer’s power requirement due to a temporal mismatch between supply and demand. Consumers keen to increase share...
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