Utility Scale RE

Renewable Energy Tender Issuance In India not In Tandem with Government Targets Report by IEEFA and JMK Research Exceptionally successful reverse auctions drove the growth of solar and wind energy in India in the mid-2010s. The Solar Energy Corporation of India (SECI) is the key central government entity responsible for issuing new tenders, concluding auctions, and galvanising key Indian and global investor and corporate interests at scale. SECI accounts for almost half of all renewable energy tenders issued in India.…

Solar Tariffs to Rise by ~21% in the Next 12 Months Impact of Module Price Volatility and Basic Customs Duty Report by IEEFA and JMK Research May 2022 Surging commodity prices and the introduction of a new duty on imported solar modules are expected to push up solar power tariffs by more than one-fifth over the next year, finds a new report by JMK Research and the Institute for Energy Economics and Financial Analysis (IEEFA). The report highlights that these…

India’s Power Sale Agreement (PSA) Hold-Up: Fixing a Renewable Energy Bottleneck Report by IEEFA and JMK Research April 2021 Delays in signing power sale agreement (PSA) are a bottleneck in the growth of renewable energy capacity in India, jeopardising the government’s renewable energy target of 175 gigawatts (GW) by 2022, dampening investor confidence and threatening the viability of projects, finds a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research. PSAs for nearly 19GW of…

What led to historic low solar tariff of Rs 2/ kWh in India? India set a new record low tariff of Rs 2/kWh ($0.027/kWh) set during the Solar Energy Corporation of India (SECI) auction on 23 November 2020, the solar panel price in India has become increasingly competitive. This auction aimed to select developers for 1,070 megawatts (MW) of grid-connected solar PV projects in Rajasthan. With 14 developers participating and a total bid of 4,350MW, the tender was oversubscribed by…