The scheme to offer cash incentives for local manufacturing of solar equipment as well as batteries may require a few iterations to really click, or it may fly in the first round of bidding itself
The company won these projects in a competitive bidding done by SECI
Adani Green Energy on Monday said its arm Adani Wind Energy Kutch Three Limited (AWEKTL) has commissioned a 100 megawatt (MW) wind power plant located at Kutch, in Gujarat
India will need increased effort to meet the targets
The expansion plans of the Danish major comes at a time when India saw its lowest-ever wind power capacity addition during last fiscal year
The consultancy further noted that the sector was already grappling with a series of vexatious issues over the last few years
Industry has been asking for removing caps when market conditions favoured higher tariffs; the govt's move comes when tariff has reduced
High Court directs state to pay in four weeks
The Goldman Sachs-promoted firm started its 'New Ventures' division to explore opportunities in energy storage, power transmission, floating solar, and wind-solar hybrid projects
The proposal to tap wind power from Tuticorin, Kandla and Paradip ports has been discussed with the Power Minister R K Singh, said Gadkari
None of the locations in Odisha have been deemed to be suitable for installing wind power projects, prompting the state to buy from elsewhere
Indian monsoon is weakening as a result of warming waters in the Indian Ocean, leading to a steady decline in wind-generated power
CRISIL expects wind power companies to sustain stable credit outlooks despite lower cushions for debt servicing rendered on account of lower tariffs
Actis Energy fund-backed Sprng Energy quoted the lowest bid
In another path breaking order, AndhraPradesh Electricity Regulatory Commission (APERC) has disallowed any revisionin the tariff of wind power which was signed by the state and the devloper. TheRegulator not only allowed the earlier tariff but also rapped the power distributioncompanies for going back on their power purchase agreements (PPAs). The order pertains to close to 41 windpower projects which signed PPA with the two state power distribution companiesin 2015 at Rs 4.76 per unit in feed-in-tariff mode. After two years, when thewind tariff was discovered at Rs 3.46 per unit in the first ever auction ofwind power projects, the state discoms went to the regulator citing that they don'twant to purchase "costly wind power". The discoms sought the regulator'sapproval to reduce the tariff. The order is abig positive for the companies operating in the state such as Tata Power, ReNewPower, Sembcorp, Mythrah Energy and Ostro Energy among others. Recently, KarnatakaElectricity Regulatory .
India is at fourth position after China, the US and Germany, in terms of wind capacity installation
States leading in it were Andhra Pradesh (2,190 MW), Gujarat (1,275 MW) and Karnataka (882 MW)
Buoyed by drop in tariff to record low of Rs 3.46 per unit in the first auction of wind power, the government is mulling putting on the block more such projects next fiscal. "Transparency which is the hallmark of the Modi government, has brought down the tariff of wind power. There will be more and more such projects on the block," Power, Coal, Mines and New & Renewable Energy Minister Piyush Goyal told PTI. Asked whether he is expecting wind power tariff to fall further in a more competitive environment, he said: "That is the beauty of tariff based competitive bidding. We cannot predict the tariff. It is the bidders who decide what price should be quoted. I cannot interfere in that." Goyal was of the view that the average wind tariff was hovering above Rs 5 per unit earlier due to feeding of rates and lack of transparency. "We will be looking at more wind power projects auction in the next financial year. We will formalise it. We have not decided yet on the quantum as it all .
Bids received is extremely lower than current average Feed-in-tariff of Rs 5 per unit in wind sector
Although SECI has not provided any benchmark tariff, average figure for wind power is around Rs 5