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India Order Could Free Up 15.7 GW of Renewable Grid Access
India's Central Electricity Regulatory Commission ordered on July 11 that renewable developers surrender transmission rights or provide higher bank guarantees if their projects are not generating power, a change Reuters reported could free up roughly 15.7 gigawatts of grid connectivity. Reuters separately reported that coal still supplies about 70% of India's electricity generation as of an August 17 report.
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Key takeaways
CERC order requires renewable developers to either surrender transmission rights or post additional bank guarantees for non-generating projects.
Approximately 15.7 GW of grid connectivity held by awarded projects that are not generating power could be freed up; surrendered capacity would first go to existing applicants in the same substation cluster, with any remainder auctioned.
Developers and buyers evaluating projects in constrained substation clusters should verify current CERC connectivity status and guarantee backing, as auction-based allocation may alter ...