Wind Energy Sector

Wind energy generation can surge 4-5 times on policy tailwinds: Report

Positive policy moves by the new and renewable energy ministry can crank up the annual wind capacity addition by 6-8 gigawatt (GW) from fiscal 2026, around 4 times more than 1.6 GW of growth clocked in the past five fiscals, a report said. According to a Crisil analysis, the aggressive tariff bids in reverse auctions since fiscal 2018 has been one of the key drivers of the wind energy growth. The process led to discovery of irrationally low tariffs that were favoured by state distribution companies, but compromised returns left little incentives for developers to complete the projects. There were also delays in land acquisition and setting up of evacuation infrastructure. Under reverse auction, bidders compete on an open e-platform, adjust tariffs within timeframes with their quotes visible to all participants. Prior to FY18, wind projects were awarded under the feed-in-tariff regime, where payments at fixed tariffs were made by discoms to producers under long-term contracts without

Amplus Solar to set up 200 MWp wind, solar hybrid project at Tuticorin

Clean energy solutions provider Amplus Solar on Friday announced an association with EverRenew, an NTC group company, to set up a 200 MWp open-access solar power plant at Tuticorin, in Tamil Nadu. The 200MWp plant is expected to generate approximately 450 million units of green electricity in the first year of its operation itself, a company statement stated. The wind-solar hybrid plant in Tamil Nadu is Amplus' second open-access project in the state, it said. "We are happy to set up our first wind and solar hybrid with an experienced partner, EverRenew, in the state. "Wind-solar hybrids have vast potential in enhancing grid stability, and we look forward to setting up more such projects across the country in the coming years," Sharad Pungalia, MD and CEO of Amplus Solar, said. The hybrid plant will combine the power from co-located solar panels and wind turbines to produce an uninterrupted supply of green energy for commercial and industrial consumers in the state. Amplus Solar

Global CO2 emissions rose less than initially feared in 2022: IEA

Global energy-related carbon dioxide emissions rose by under one per cent in 2022 -- less than initially feared -- as the growth of solar, wind, EVs, heat pumps and energy efficiency

A coal-dependent India can't move to zero overnight: GE's Mahesh Palashikar

In a Q&A, the President of GE South Asia asserts that natural gas will bridge India's journey from coal to renewables, even as he points is massive potential in onshore wind energy

Budget 2023: Experts expect a boost to decarbonisation, energy transition

Issues that need to be addressed include expanding funding for renewable manufacturing, extending PLI to wind and green hydrogen, among others

It's challenge to meet tariffs for wind power in India: Engie MD

Discoms not looking at signing agreement for procuring power at such high tariffs, says senior executive of French utility's unit

TN eyes key role in offshore wind energy, may mop up $30 bn investments

According to govt estimates, 14 locations have been identified in the state, with potential to generate 25 Gw of wind energy

Government weighs cancelling reverse auction for renewable power offers

According to data from the ministry of power, India has installed wind and solar capacities of 41.205 GW and 59.303 GW, respectively

Wind energy has huge potential in India, to cost less by 2026: GWEC

The agency analyses the factors that can reduce the levelised cost of energy over the next few years.

Wind energy charts new course with policy clarity, new bidding model

Buffeted by ten years of policy flip flops, the sector is hoping a new bidding model will introduce a breath of fresh air

Top headlines: Axis Bank profit doubles, wind energy looks for second wind

Total income of the bank rose to Rs 21,727.61 crore during April-June quarter of the current fiscal, compared to Rs 19,361.92 crore in the year-ago period, Axis Bank said in a regulatory filing

Centre set to abolish reverse auction bidding in wind energy sector

"The lowest tariff, or L1, would be averaged for these states. The power from these projects will be bundled and sold by SECI," said a source

Suzlon Energy plans to raise about Rs 3,000 crore to refinance debt

The company is looking at refinancing in order to streamline the lenders, avail better terms from restrictions on cash usage, and bolster growth of the business

Greenko Wind Projects raises $750 mn through dollar bonds

Three-year paper priced at 5.5%

Tata Power, RWE Renewables GmbH tie up to develop offshore wind projects

A corresponding MoU has been signed between Tata Power Renewable Energy Limited and RWE Renewables GmbH, one of the world's leaders in offshore wind, a Tata Power statement has said

High cost, challenges: Why offshore wind energy potential remains untapped

High initial costs, and a lack of government financial support means progress has been slow

China resists COP26 push to end coal as energy security prevails

Beijing is also pushing back against a proposal at COP26 to urge governments to revise their official climate plans by the end of next year

Adani Green Energy subsidiary bags 450 MW wind energy project

Adani Renewable Energy Holding Fifteen has received a letter of award (LOA) for setting up the project.

Torrent Power bags 300 Mw long-term solar power generation PPA

To be commissioned in 18 months from the date of PPA, the project will have a tariff of Rs 2.22/kwH for 25 years

US calls for duty on Indian wind energy equipment manufacturers

In November last year, the US department of commerce published its initiation of the countervailing duty investigation of utility scale wind towers from India.