India might miss its target to conduct 10 Gw capacity wind auctions in the current financial year ending March 2019, credit ratings agency, India Ratings and Research (Ind-Ra) said on Thursday.
“In the wind energy space, grid connectivity-related concerns have forced bidders to skip auctions in the past. Last financial year was a year of under-performance for wind power projects,” the agency said.
Analysts consider unpredictability of wind resource as a major risk for wind power projects. Companies are managing that risk by portfolio diversification and maintenance of adequate debt coverage and liquidity.
A major positive for wind power projects is the stabilising grid availability. Tamil Nadu demonstrated a substantial improvement in grid availability between 2015-16 and 2017-18. Read More