Rs 1.1 lakh crore investment expected in wind energy projects over five years


Rs 1.1 lakh crore investment expected in wind energy projects over five years

India is likely to witness fresh investments worth Rs 1.1 lakh crore flowing into wind energy projects of 14-16 gigawatt (GW) capacity over five years through 2023.

“Capacity additions will primarily be driven by central government (SECI) allocations with relatively stronger counterparties like Solar Energy Corporation of India (SECI) and PTC, reducing risk as compared to direct exposure to state discoms,” research and ratings agency CRISIL said on Wednesday.

It added that state auctioning, on the other hand, has slowed as several states have signed power supply agreements (PSAs) with PTC and SECI to procure wind power under the schemes auctioned by them, to help fulfil their non-solar renewable purchase obligations (RPO) targets. Read  More

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