Tag: Solar
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What India’s solar and battery PLIs tell us about how the scheme is working
As the first part of this series said, India is trying to become a manufacturing powerhouse in a clutch of old and new sectors. Its timing is propitious. After COVID-19, countries don’t want too much geographical concentration in their supply chains. They seek an alternative to China. In tandem, in a clutch of emerging sectors […]
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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 […]
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India’s solar sector #2. Rooftop solar and DISCOMs
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.
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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. […]
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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 […]
Fractured/Earth 