We published the last of our solar stories today.Essentially, all the hype and bombast notwithstanding, solar power sector is struggling. Take a look at the sector and you will see slowing capacity addition, developers cutting costs/restructuring/exiting, and rising M&A activity. This needs to be understood. In part because high solar/renewable targets are a cornerstone of […]
Monthly Archives: June 2021
Out today, Part Three. On why solar is not just slowing, it is about to see a rise in its costs.
This is the first question. Why did India amp up its rooftop (solar) target without considering its implications for DISCOMs? Out today, the second part of our series on why India’s solar sector is struggling. ps: this report has been cross-posted at The Wire.
At first glance, all seems well in India’s solar sector. Its tariffs continue to crash. At the Solar Energy Corporation of India (SECI)’s auction last November, Saudi Arabia’s Aljoemaih Energy and Water Co and Green India Wind Energy, one of Sembcorp’s India investments, won after bidding ₹2 per unit. State-run NTPC wasn’t too far behind. […]
On June 14, administrator Praful Patel arrived in Lakshadweep. In the background of a photo clicked shortly afterwards stood the Coast Guard plane, CG 789, he flew over in. This choice needs to be understood. The Union Territory is connected by air to Kochi. Even at short notice, a two-way flight ticket from Daman to […]
My second report on Patel, and the crisis facing Lakshadweep.
