India’s current template for solar power procurement is up for review. Record low tariffs in Rewa have inspired this re-examination. Jasmeet Khurana, associate director, consulting, Bridge to India, looks at how different states and utilities are reacting to the new procurement landscape.
India is expected to double its installed solar PV capacity from 10GW to 20GW within 15 months, according to energy and mines minister Piyush Goyal, who is also encouraging manufacturers to locate in India.
Just when forecasts for India’s solar manufacturers in 2017 projected a dire outlook, energy minister Piyush Goyal has reportedly said in parliament that the previously touted incentives package for domestic firms will not be moving forward for the foreseeable future.
The Indian states of Telangana and Assam have joined the government’s major rescue package for the country’s debt-laden distribution companies (Discoms), on the same day that a web portal and mobile app for the scheme was launched.
Tariffs for utility-scale solar power in India are expected to go below the four rupee (US$0.059) mark next year, which would be a “radical moment” for India’s entire power sector, according to consultancy firm Bridge to India.
India’s ongoing demonetization scheme, which has divided opinion globally, looks set to improve the finances of Indian distribution companies (Discoms) in what could be a boon to the solar sector, according to consultancy firm Mercom Capital Group.