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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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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.

“We maintain a positive outlook on India’s non-hydro renewables growth regardless of India’s Lok Sabha election outcome, as both the incumbent government and main opposition remain strongly supportive of renewables growth,” Fitch Solution Macro Research said in its outlook for India’s renewable energy sector.

The Fitch Group unit expects the country’s non-hydro renewables capacity to grow at a robust annual average growth rate of 11.1 per cent from 71.7 gigawatt (GW) in 2018 to over 204 GW by 2028, with solar being the main driver of this expansion.

According to the latest report from Fitch Solutions Macro Research, a unit of Fitch Group, Indian solar power capacity will grow robustly at an annual average rate of 15.3% to reach 105.9 GW

by 2028, up  from  26  GW  in  2018.  This  assessment is based on the continued strong government support for the solar sector, including aggressive growth targets, a large number of capacity tenders and the increasing effortstoestablishaconducive investment ecosystem for the Solar Sector. The recent efforts toward encouraging rooftop solar installations and installation of solar pumps and grid-connected PV projects enabled by the KUSUM scheme will ensure that distributed small-scale facilities become a supportive factor to solar growth. Besides the government impetus is further evidenced in a slew of supporting measures such as 12 GW of new grid-connected capacity for government use; waiving inter-state                     transmission charges, drawing up a new National Electricity Plan to develop transmission systems and incorporate 175 GW of renewables into the grid by 2022.

Despite the strong renewables growth, it highlighted that coal will remain dominant in the country’s power generation mix over the next decade.


Strong renewables sector growth has been seen as a key marker of Modi’s power sector  reform  success,  and it believes the Modi government will continue to encourage investment into the sector through supportive policies to reach the ambitious target of 175 GW renewables capacity by 2022.

It said, “We do not believe that the new government will back out of the existing renewables sector policies, as they have also promised to promote ‘green energy’ and aim to encourage investments in off-grid renewable power generation in their election manifesto.”

The report also added that although the recent safeguard tariffs on solar cells from China and Malaysia will weigh on investor confidence in the short term, this will not have a significant impact on our longer term outlook, and investor interests will rebound and continue to strengthen the project pipeline.

 

Credits: Fitch Solutions Macro Research

 

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