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Wind industry getting into a ‘distress situation’

According to reports, after soaring to a record 5,400 MW of installed capacity set up in 2016-17, the Indian wind industry is heading for a sharp nosedive this year. By the looks of it today, installations in 2017-18 could barely cross 1,000 MW. “It is a distress situation”, says Ramesh Kymal, Chairman and Managing Director of Gamesa, a leading wind turbine manufacturer. The reason for this is that the state governments are holding back. The industry is trapped in the ... Read More »

Green energy firm Inox Wind on road to insolvency after NCLT clears process

According to reports, wind power solutions company Inox Wind is headed for insolvency after the National Company Law Tribunal’s (NCLT) Chandigarh bench ordered the commencement of the process in response to an operational creditor’s plea, in the first such case in the renewable energy sector. The company has been facing tough times, reflecting the dichotomy in the renewable energy sector where capacity is growing driven by the government’s solar energy push, but where wind energy players are forced to compete with the sharply lower tariffs quoted by ... Read More »

Wind power tariffs may hit a new low of Rs3.30 per unit

According to reports, wind power tariffs are expected to fall to a record of around Rs3.30 per unit in a 1 gigawatt (GW) tender by state-run Solar Energy Corp. of India (SECI). SECI has received bids for three times the grid-linked capacity on offer. Wind power tariffs in India followed the solar route and hit a record low of Rs3.46 per kilowatt hour (kWh) in February during a 1GW tender by SECI. Solar power tariffs fell to Rs2.44 per unit ... Read More »

Govt’s second wind auction attracts bids worth 2,898 MW

According to reports, the second auction for alloting 1,000 MW of wind power capacity has attracted bids worth 2,898 MW. The bids closed on Saturday. The first auction, also for 1,000 MW, which concluded on February 25 this year, resulted in wind energy companies agreeing to sell wind energy for as low as ₹3.46 a kWhr. The auction was a milestone event in the history of India’s renewable energy industry, as it changed the way tariffs are discovered, from negotiated ... Read More »

Enercon returns to India

German manufacturer Enercon has signed cooperation agreements with three Indian companies to provide repair, maintenance and servicing to its turbines in India. The non-exclusive agreements are with Renom Energy Services, Kinech Synergy and Powercon Ventures India. Enercon will supply spare parts to the three companies and provide them with technical support needed for turbine maintenance in India. The German company has more than 6700 machines in India with total capacity of 4.8GW. “However, a lack of maintenance and spare parts ... Read More »

Tangedco evacuates 5,079MW of wind power, sets national record

According to reports, Tangedco at 7pm on Monday evacuated 5,079MW of wind power, a new record in wind power evacuation in Tamil Nadu and India. It was a two hour sustained supply of over 5,000MW on Monday. For nearly 3 hours, Tangedco put 3 thermal units with a total capacity of 1,020MW on stand-by mode and also advised other power sources to operate at 50% of their capacity. “We were thrilled on Monday evening when the wind power generation started increasing. Immediately, we put private thermal ... Read More »

All but gone with the wind: The unfolding sad story of India’s wind sector

According to reports, if one wishes to see birth of a non-performing asset (NPA), wind power sector in India offers a ring-side view. No where can one see Murphy’s Law being vindicated more strongly than in this sector where everything that can go wrong has gone wrong. Wind power, which along with solar power was expected to make India a renewable energy powerhouse, is struggling for survival. There are states that do not want to purchase wind power, some do ... Read More »

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