Installation of fresh wind power capacity in India will cross the 8,000 MW-mark next financial year, says Tulsi Tanti, Chairman, Indian Wind Turbine Manufacturers’ Association.
Times Of India reported that in a big boost to the power sector in the state, renewable energy giant Suzlon Group has expressed interest in setting up a power plant.
Wind power tariffs have fallen to their lowest, even below the cheapest solar rates, in the one year since the government switched to competitive bidding to hand out projects.
Suzlon Energy, India’s largest indigenous wind turbine manufacturer, is also reeling under the regulatory changes unfolding in the wind energy sector.
Falling tariff is not the only trend that renewable energy is witnessing. Suzlon, the domestic market leader in wind equipment manufacturing
Indian wind energy sector witnessed a record installation of 5,400 MW in FY17, registering a 60 per cent growth as against 3,400 MW in FY16. With this addition, the total installation of wind moved from 27 GW to 32 GW.
From Suzlon’s Tulsi Tanti to Tata Power’s Anil Sardana, renewables industry wanted much more from Budget 2017
The cuts in import taxes in the Budget for renewable energy equipment might not suffice to increase the competitiveness of domestic manufacturing
The renewables space is growing rapidly, Tulsi Tanti, chairman and managing director of Suzlon told BloombergQuint’s Menaka Doshi on the sidelines of the 47th World Economic Forum at Davos.
Wind turbine supplier Suzlon Energy shares rallied more than 4 percent intraday Tuesday after the Group achieved 10,000 megawatt (MW) cumulative wind energy installations in India.
At the end of one year and the beginning of another, wind turbine manufacturers Suzlon and Gamesa have crossed certain milestones.