India’s solar sector #4. Growth minus market scaffolding

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 […]

India’s solar sector #1. Dissonance, chaos and tumult

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. […]