Market trends

wind solar hybrid

Wind solar hybrid model struggling to take off in India

Wind solar hybrid model struggling to take off in India In last one year, several central and state agencies issued more than 3.2 GW of wind-solar hybrid tenders. Although, auctions for 2.4 GW of tenders have been materialized, only 1.6 GW is allotted (~35% under subscription). The auctions saw participation from only a handful of developers including Adani, Softbank and ReNew. Because of tepid response from the industry, SECI has scaled down the capacity of one of the tenders from…

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Slump in wind sector: Falling capacity addition, rising tender under-subscription

Slump in wind sector: Falling capacity addition, rising tender under-subscription The share of wind energy sector, in overall renewable portfolio of India, has lately seen a sharp fall. This is mainly attributed to sluggish growth of sector and rise in share of solar projects. As of July 31, 2019, the total wind capacity in India stands at 37 GW, contributing 45% share in total renewables’ portfolio. Compared to last year, this is a fall of more than ten percentage points.…

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solar rooftop

In FY2019, OPEX model based onsite solar installations doubled in size

In FY2019, OPEX model based onsite solar installations doubled in size As of March 31, 2019, OPEX model based projects hold more than 37% share of cumulative onsite[1] solar installations in India.  Under the OPEX model, a Renewable Energy Service Company (RESCO) invests, builds and maintains a rooftop/ onsite solar plant. The end consumer pays for the power generated under a long-term power purchase agreement (PPA) at an agreed tariff for a fixed tenure. Figure 1: OPEX model based onsite…

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5.3 GW of Floating Solar Projects under various stages of development in India

5.3 GW of Floating Solar Projects under various stages of development in India Last week, Uttar Pradesh Cabinet cleared 150 MW floating solar plant on Rihand dam. It will be the biggest such plant in India and is expected to be commissioned by May 2020. ReNew got 100 MW while Shapoorji Pallonji got 50 MW at a tariff of INR 3.36/ unit. With increasing land acquisition problems for utility-scale solar, floating solar plants make a good business case for developers.…

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