Windpower Monthly rating 3/5
Our rating is based on a combination of project pipeline, political and policy support, investor confidence and structural readiness of the country in terms of grid infrastructure, permitting process and local supply chain.
Forecast of installed and operating wind power capacity based on the latest statisitics and measured against the Windpower Intelligence database.
Since the launch of the National Action Plan on Climate Change in 2008, renewable energy in India, particularly the wind power sector, has seen a marked growth trajectory.
The industry is now targeting 60GW of wind capacity to be installed by 2022, but it already expects to exceed that.
Introduction of an offshore wind power policy has also encouraged the buoyant outlook for the country, with a 1GW site planned off the windy northwest state of Gujarat being investigated.
The 2017 auctions shook the industry, with prices falling to INR 2.43/kWh ($38.88/MWh). This in turn led some state utilities to stop signing new power deals unless other wind projects matched the low bids.
Grid restraints continue to constrain the industry with some developers unwilling to give up their connection capacity, despite being unsuccessful in the tenders, while other winners are unable to connect to the grid. The age old dispute of land rights remains a regular stumbling block.
The presence of several experienced equipment manufacturers with turnkey project implementation capabilities continues to provide much-needed comfort to a variety of investors.
OPINION: Narendra Modi has overseen an overhaul of the renewables landscape in India during his first term in office. For all of the setbacks, his re-election should be greeted warmly by the industry.
On an exclusive visit to Siemens Gamesa India's production plant in Nellore, Eize de Vries talks to Ramesh Kymal, the company's onshore CEO, about ramping up production for its tailor-made low wind 2.1MW SG 2.1-122 model.
INDIA: Competitive tendering and low wind speeds are driving the push to tall towers and long blades in India. Suzlon is now testing its latest S120 2.1MW model on a new 140-metre hybrid tower.
INDIA: The 2MW-plus class dominates current installations in Asia's second largest market, but as in other low-wind regions, the trends is towards higher ratings and bigger turbines. Eize de Vries visits Vestas' and Nordex's nacelle assembly plants.
GERMANY: The German turbine maker has developed a high-performance charging station for the latest generation of electric vehicles, and has ambitious plans for wind power development in India and Argentina.
In its latest tender, Gujarat authorities asked successful bidders to match the lowest bid for contract signing in order to lower wind costs. The response was muted.
After getting a rap from the court that stayed the tariff renegotiation order issued by the newly-elected state government, the state administration resorted to curtailing wind and solar power generation.
Embattled manufacturer Senvion has given full autonomy to its Indian business unit, while the parent company continues to explore potential takeovers.
The Indian state of Andhra Pradesh is putting INR 210 billion ($3 billion) of project debt at risk after it threatened to renegotiate its power purchase agreements with renewable energy generators.
Indian independent power producer (IPP) Greenko Energy plans to use $824 million in recently raised equity funding to support construction of renewable energy projects integrated with storage and further acquisitions.