India uses a unique system to purchase solar and wind power from independent power producers. Though this system has generally produced good results with low prices being discovered under the reverse auction mechanism, this system may not be viable in the future given the changing dynamics. The system generally has state-owned aggregators like SECI or […]

China has been the prime driver of solar capacity additions globally over the past 5-6 years as it installs nearly 30%-40% of the total global solar energy capacity every year. The size of the Chinese solar market dwarfs the other large markets such as India, USA by a factor of 4x-5x. Even in 2020, the […]

The International Energy Agency states that global energy demand in the current year is set to decline by 6% YoY. The coronavirus pandemic has negatively impacted energy demand worldwide. The pandemic-induced lockdown has put a halt on the daily lives of the people. Oil is the worst affected of all energy sources. Given its green and clean credentials, […]

After ‘Make in India‘, the Modi government has urged India to become ‘Atmanirbhar‘ ie. self-sufficient and self-reliant. Prime Minister Narendra Modi believes that solar energy will play a major role in making India ‘Atmanirbhar’. While inaugurating the 750-MW solar power project in Rewa district via video conferencing, Mr. Modi said, “We won’t be able to use solar […]

A large recent auction of solar projects by the state-owned company SECI resulted in an all-time ever low tariffs of INR 2.36 which is around USD 3 cents per kWh. The 2000 MW tender saw good participation by both local as well as foreign companies. The lowest bid was made by Spain’s Solarpack with other […]

Renewable energy costs are set to decline further as interest rates have become negative in large parts of the globe. With the COVID-19 crisis leading to a GDP decline in most countries, central banks globally have been rapidly cutting rates to fight the crisis. The USA has cut rates to zero while central banks in […]