Shift To Bidding Regime Caused Short-term Pains In 2017: Suzlon CMD Tanti


Shift To Bidding Regime Caused Short-term Pains In 2017: Suzlon CMD Tanti

Suzlon Energy, India’s largest indigenous wind turbine manufacturer, is also reeling under the regulatory changes unfolding in the wind energy sector. The Union government stalled the feed-in-tariff regime to shift to competitive bidding for wind energy in 2017. This impacted the inventory and the future pipeline of major players, as the project outlook is completely dependent on the government’s auction calendar. Though 3,000 Mw was tendered at record low tariffs, it failed to lift the mood of the sector. Suzlon’s profits went in the red during Q2FY17. In an emailed interview with Shreya Jai, Suzlon Energy Chairman & Managing Director Tulsi Tanti says that it is a temporary phase and the company is trying to be lean and agile to tackle the drastic change in the market.

What’s the outlook for the wind energy sector this year, given it faced its worst production year in 2017 with a capacity addition of 435 Mw?
Renewable energy has entered an exciting new phase and its growth is unstoppable. Once considered a niche industry dependent on government subsidies, today it is driven largely by economic realities, improved reliability and cost competitiveness backed by proven technology. Another advantage of renewables is that it is modular in nature and is scalable. We are confident that the evolving technology and economic viability of energy storage solutions, will give further impetus to renewables. Read More…

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