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Tender Tracker: Insights Into 1200 MW SECI Auction Results ISTS IV

14 June 2019
Tender Tracker: Insights Into 1200 MW SECI Auction Results ISTS IV

The recent tender auctions of 1200 MW by SECI saw an active participation from 6 developers. Ayana Renewable (CDC), Renew, Azure & Mahindra Susten won the entire bidded capacity. Avaada Energy won 50MW of the 350MW bidded capacity. Company Name Status Bid Capacity Awarded Capacity Quoted Tariff...

India Solar Policy Update - May 2019

12 June 2019
India Solar Policy Update - May 2019

Below is SolarQuarter's brief analysis of the latest updates on solar regulations & policies from various states in India.

Pooled Structures And InvITs To Boost Market Access For Developers

12 June 2019
Pooled Structures And InvITs To Boost Market Access For Developers

Nuanced structures in pooling of assets such as obligor/co-obligor or Infrastructure Investment Trust would propel refinancing of the infrastructure assets, says India Ratings and Research.

India Solar Policy Update - April 2019

13 May 2019

Below is SolarQuarter's brief analysis of the latest updates on solar regulations & policies from various states in India.

Solar Energy: The Perfect Match For EVs

06 May 2019
Solar Energy: The Perfect Match For EVs

EVs and Solar as a supporting source of power. Recently there has been much hype around EVs what with the Indian government pledging to replace petrol and diesel cars with EVs by 2030.

Innovative Solar Applications & Latest Technology Breakthroughs

06 May 2019
Innovative Solar Applications & Latest Technology Breakthroughs

Solar skin design Sistine Solar, a Boston-based design firm, is making major strides with the concept of aesthetic enhancement that allow solar panels to have a customized look. The MIT startup has created a “solar skin” product that makes it possible for solar panels to match the appearance of a ro...

Why Is Mono Silicon Wafer Getting Bigger And Bigger?

06 May 2019
Why Is Mono Silicon Wafer Getting Bigger And Bigger?

In recent years, PV technologies have been developing rapidly. With respect to cell, the high-efficiency PERC, bifacial cell and black silicon technologies have started mass production gradually, while N-type and heterojunction technologies have obtained footholds in the market; with respect to modu...

Optimistic Outlook For Indian Solar Market

06 May 2019
Optimistic Outlook For Indian Solar Market

Fitch Solutions Macro Research on Tuesday said it is maintaining a positive outlook on India’s renewables growth, excluding hydro power, irrespective of general elections as both the incumbent and the opposition support clean energy.

India Looking At $500 bn Investment In Renewable Energy Generation By 2028

06 May 2019
India Looking At $500 bn Investment In Renewable Energy Generation By 2028

The global think-tank said in a special report the long-term outlook is favorable for renewable energy in India

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India Looking At $500 bn Investment In Renewable Energy Generation By 2028

The global think-tank said in a special report the long-term outlook is favorable for renewable energy in India

India is looking at a mammoth $500 billion worth of investment in creating renewable energy generation capacity with tendering of 500 Gigawatt (Gw) by 2028 in addition to

$250 billion investment in grid expansion and modernisation required for uptake of green energy capacity, according to the Institute of Energy Economics and Financial Analysis (IEEFA).

The global think-tank said in a special report the long-term outlook is favourable for renewable energy in India as the country saw a dramatic decline in the wholesale electricity tariffs from solar and wind generation sources in 2017-18 with capacity consistently awarded at sub-Rs3 per unit through reverse bidding auctions.

“With zero indexation on these tariffs, renewables have broken through grid parity and have continued to increasingly capture the market share as the new low cost source of capacity since 2017,” the report said, adding technology and price-based fundamentals will continue to strengthen the upward trajectory of the renewable energy industry.

The Australia-based institute also said that 75 GW of renewable capacity has been installed across India, 28 GW has been auctioned and 37 GW of capacity is under various stages of tendering and bidding. If all of this comes to fruition, this amounts to a total of 141 GW of renewable capacity, relative to the government’s target of 175GW by 2022.

Provided the 37 GW of tendered capacity is awarded in the next six to nine months, it will mandate developers to commission this capacity before March 2022. In general, the deadline for commissioning solar and wind power projects is 24 months.

India exited the last financial year (2018-19) with 22.5 GW of renewable capacity auctions awarded but yet to be built. Of this, 21.6 GW was awarded at below Rs3 per unit with zero indexation for 25 years – locking in real electricity sector deflation for decades to come. In the last quarter of the year alone 32 GW of new tenders were announced.

The report said India added 1.6 GW of rooftop solar capacity in calendar year 2018, a growth of 68 per cent in new installation compared to 2017. India’s rooftop capacity has been growing at a CAGR of 90 per cent over the past six years. While sustaining a near- doubling of annual capacity installs will be difficult, ongoing market expansion could mean another 9 GW of rooftop solar installs till FY2022, taking cumulative capacity to 12.9 GW.

“Given the existing wind and solar tenders’ trajectory and other renewable sources of Biomass and run-of-river (RoR), IEEFA forecasts India is set to reach 144 GW renewable energy capacity by FY2022, not too far short of the aspirational 175 GW target set back in 2015. This also would put India on a run-rate to exceed its 275 GW target for 2027,” the report said.

The country added total power generation capacity of around 12 GW last financial year. This included net new thermal capacity of 3.4 MW – 5.8 Gw of new coal-fired capacity addition with closure of 2.4 Gw -- the lowest thermal power plant addition in a decade. New on-grid capacity additions in renewable energy stood at 8.6 GW including 6.5 GW of solar, 1.6 GW of wind and 0.5 GW from other sources in 2018-19. In addition, around 1.6 GW of behind-the-meter rooftop solar capacity was also added during calendar year 2018, up 68 per cent year-on-year, a highlight for the electricity sector.


Source: News Feeds

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