Part four. India’s solar sector bears the costs of a poorly designed market

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 […]

How dissonance is leading to chaos and tumult in India’s solar sector

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. […]

Coal India chooses energy-intensive manufacturing; Adani and NTPC chase vertical integration.

For a long while now, from the time #DespiteTheState went to the presses, I have been chasing a story on coal. You know the score. India’s coal sector is behaving in discontinuous ways — Coalblock auctions find few bidders; Coal India mulls diversification into Aluminium smelting and solar ingot/panel manufacturing; power producers like NTPC and […]