Author Archive: Vibhuti Garg

Energy Economist, Lead India Vibhuti Garg has over 16 years of experience in the energy sector. Her work includes promoting sustainable development through influencing policy intervention on energy pricing, subsidy reforms, enhancing clean energy access, access to capital and increasing private participation.

IEEFA: India’s new green term-ahead market will boost trading of renewables

Renewable energy generators and distribution companies will benefit from participating in the short-term power market

The start of trading on 21 August 2020 of Green Term-Ahead Market (GTAM) contracts on the Indian Energy Exchange (IEX) platform marked a significant milestone in India’s transition to renewable energy. By August 2020, India had 88 gigawatts (GW) of installed renewable energy capacity. In the pipeline, as of June 2020, there was 47GW of […]

October 13, 2020 Read More →

IEEFA: Wind-solar hybrid systems can power India’s next wave of renewables growth

Hybrid generation can produce consistent power at competitive tariffs

8 October 2020 (IEEFA) ‒ India’s total wind-solar hybrid capacity is expected to grow rapidly to reach nearly 11.7 gigawatts (GW) by 2023, according to a new report by IEEFA and JMK Research. “This is a new and fast-growing market in India,” say the report’s authors Vibhuti Garg, energy economist at the Institute for Energy […]

IEEFA India: Interpreting solar tariff trends

Implications of low bids for future growth

This Q&A first appeared in RenewableWatch Solar energy tariffs have witnessed a gradual decline over the years in India and globally. A recent auction for 2 gigawatts (GW) of solar projects conducted by the Solar Energy Corporation of India (SECI) witnessed a record-low tariff of Rs 2.36 per kWh. At the same time, the world’s […]

September 29, 2020 Read More →

IEEFA: India should deepen its short-term power market to enhance price transparency and competitiveness

A national pool real-time market will boost renewable energy deployment

24 September 2020 (IEEFA India): A transition towards more national trading of electricity in real-time could help India’s power sector achieve competitive price discovery, reduce costs for consumers and accelerate the shift to a renewables-based system, according to a new briefing note by IEEFA. “While long-term contracts should remain the dominant procurement model in India, […]

and September 24, 2020 Read More →

IEEFA India: How state governments can manage mounting power distribution sector debts

Discoms’ losses pose fiscal risk to states

10 September 2020 (IEEFA India) ‒ State governments should be made responsible for improving the finances of their struggling power distribution companies (discoms), which continue to incur huge losses, according to a briefing note prepared by IEEFA for the Fifteenth Finance Commission of India. The financial distress of the state-owned discoms has led to major […]

IEEFA: Why India can’t match the Gulf region’s record-low solar tariffs

5-10% annual decline in tariffs estimated for the next decade

29 August 2020 (IEEFA India): A number of countries in the Gulf region have set record-low prices for solar in recent years, leading to hopes that India and other countries may soon be able to achieve similarly cheap – or cheaper – solar tariffs. But a new report by the Institute for Energy Economics and […]

IEEFA India: Retiring old thermal power first hurdle in reducing discom debt of well over Rs478,000 crore

Increasing competition, revising tariffs and deploying smart meters also recommended

5 August 2020 (IEEFA India): Our new report proposes recommendations to reduce financial and operational inefficiencies across India’s power distribution sector, which as of May 2020 had accumulated massive overdue payment liabilities of Rs116,340 crore (US$16bn) to generation companies while already carrying a total outstanding debt of Rs478,000 crore (US$66bn) (in FY2018/19). Written by Vibhuti […]

IEEFA report: Powering up sunshine – how India’s commercial and industrial sector can drive rooftop solar power

C&I rooftop solar has vast potential, and already accounts for 70-80% of all the country’s rooftop solar installations

23 July 2020 (IEEFA India) – Increasing electricity demand and rising grid tariffs for commercial and industrial customers are driving business users to rooftop solar, which is not only cleaner and cheaper but also gives them tariff certainty for 25 years. In Powering up Sunshine – Untapped Opportunities in India’s Rooftop Solar Market, a new […]

IEEFA update: ‘One Sun, One World, One Grid’ brings opportunities and challenges

Trading electricity like any other commodity could slash fossil fuel consumption

Indian Prime Minister Narendra Modi floated the idea of cross-border solar connectivity in October 2019. It was taken up by the Ministry of New and Renewable Energy (MNRE) and India is now pursuing a new vision of ‘One Sun One World One Grid’ (OSOWOG). It looks ambitious, but if structured well could change the way […]

July 16, 2020 Read More →

IEEFA India: Investment trends in renewable energy 2019/20

Is Renewable Energy Investment on Track?

The share of renewable energy capacity has been increasing in India’s power sector, delivering more than two thirds of India’s new capacity additions during the fiscal 2019/20 year. India installed 9.39 gigawatts (GW) of new on-grid renewable energy capacity during 2019/20 plus some 1.5GW of behind-the-meter rooftop solar in calendar year 2019. This rate of […]