With a potential to add about 8,000 MW to 10,000 MW annually, India managed to add about 1,750 MW last year, due to implementation challenges and regulatory issues, according to a senior executive engaged in the wind energy sector.
Backing the Solar Energy Corporation and State discoms’ move to encourage new projects, the wind power generation sector is keen that certain regulatory tweaks and policy changes need to be put in place to accelerate growth. The country’s installed capacity is pegged at 34.4 GW as on July 2018.
Ramesh Kymal, Chairman CII-SR Power, Renewable Energy & Infrastructure Subcommittee, told BusinessLine the government should consider offering ‘feed-in tariffs’ as it had done till 2017. “This paved way for price discovery through the competitive bidding process,” he said.
“From an industry perspective, for the long-term growth of the wind energy sector, we believe that the feed-in tariff regime with an average projected price augurs well,” Kymal, CEO, Siemens Gamesa India, said. Read More