2017, “A year of transition” for India’s wind

2017, “A year of transition”
for India’s wind energy market with industry moving from tax-credit driven
investment to the bidding process by mainstream Independent Power Producers
(IPPs).

In October 2017 during
a planned auction, 1 GW of capacity was awarded to five developers with a
quoted tariff of about 0.04 US$/kWh. The success of this has led the Ministry of New and Renewable Energy (MNRE) to plan a 4 GW auction of wind projects
during the current fiscal (upto March 2018). In addition, Indian government is
planning to auction 5GW offshore wind projects in 2018.

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In December 2017, the European Investment Bank (EIB)
and India’s Yes Bank has jointly initiated financing of $400 million for Solar
and Wind Energy projects in India.

India has the 4th
largest installed capacity in wind power after China, U.S and Germany. The
total installed capacity of wind power in India as on March 2017 is around 32
GW. A recent study by National Institute of Wind Energy (NIWE) has shown wind
energy potential of 302 GW at 100 m hub-height in India. Wind Energy has spread
across the South, West and North regions of India. The ppotential of wind energy is
concentrated in the states of – Andhra Pradesh, Gujarat, Karnataka, Madhya
Pradesh, Maharashtra, Rajasthan, Tamil Nadu and Telangana. Tamil Nadu has the
highest installed capacity in the country with around 7.5 GW and its state
regulations are very much favourable to wind power development. Maharashtra has the 2nd highest
installed capacity of about 5 GW followed by Gujarat with 3rd
highest installed capacity of around 4 GW in the country.India already has its
National Offshore Wind Energy Policy. Draft guidelines for Offshore Studies and
Surveys by Private Sector have been issued by NIWE.

The EU Delegation to
India, in close cooperation with the MNRE, has given grant to two different
consortiums: ‘Facilitating
Offshore Wind in India’ or FOWIND, initiated by the Indo-European co-operation
on renewable energy, is led by the
Global Wind Energy Council (GWEC) and has been working for more than 3 years in
offshore wind.
Another consortium led
by COWI (Denmark) “First Offshore Windfarm Project in India (FOWPI)”. The
project is preparing technical tender documents for a 200 MW offshore windfarm
in Gujarat. The documentation is expected to be ready by mid-2018 for the NIWE
to send a tender call to Indian and European companies to construct the
offshore wind farm.

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