India is likely to install more wind capacity in 2019 than it did last year, but it will still be well below what it used to be earlier. According to Bloomberg New Energy Finance, the country will install 2.9GW in 2019 against 2.3GW in 2018. In 2016-17, 5.4GW was added, while 3.4GW was achieved in 2015-16.
“We expect 15.6GW of new wind projects to be added between 2019-22. Thus, India will reach 51GW of wind installed capacity by 2022, 9GW less than the target of adding 60GW of onshore wind projects by 2022,” said Atin Jain, associate at Bloomberg New Energy Finance (BNEF).
Bloomberg’s dismal forecast could be attributed mainly to the financial stress turbine makers are under, land acquisition issues and grid connectivity delays. “The Indian wind industry is amidst a perfect storm.
Many projects that were supposed to get commissioned by mid-2020 would be delayed by 9-10 months,” Jain said. Read More
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