Solar and wind energy projects may constitute over half of India’s total power capacity by 2030, according to a draft report by the country’s power-planning body, which sees the country surpassing its climate goals.
Wind energy generation capacity addition is likely to improve to 3.5-4.0 GW this fiscal, while land acquisition and transmission connectivity challenges will remain crucial, rating agency Icra said Tuesday.
A large number of wind energy projects have been bid out since auctions for such projects began in early 2017, both by Solar Corporation of India (SECI) and state agencies, but only a small fraction of them have been commissioned so far.
Energy is one of the key drivers of a nation’s economy and a rapidly growing economy like India requires access to modern sources of energy. Electricity demand and supply mismatch in the country has been at its peak for the last few years and with the economy experiencing 7-8 percent growth rates
Solar Energy Corporation of India’s (SECI) 1,200 MW wind auction on Monday saw a surprisingly lukewarm response from developers, with techno-commercial bids of only 600 MW received. SECI confirmed the development.
Viability, implementation risks constrain outlook for wind energy sector; capacity addition to rise to 16 GW by 2023: Crisil
The country’s wind energy sector is likely to see a slow growth with regard to capacity addition over the next five years, CRISIL Research said on Wednesday.
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.
The Centre is confident that the Gujarat government will offer land for wind energy projects tendered by the Solar Energy Corporation of India (SECI) in the State.
A wind power auction in India targeting 1.2 GW of projects has received bids as low as INR 2.82 (USD 0.039/EUR 0.035) per kWh, Mercom Capital reports.
The global commissioning of onshore wind turbines declined 3 per cent in 2018, partly due to a slowdown in India and Germany, even as the growth is expected to bounce back in 2019, with a 32 per cent jump to 60 Gigawatt (Gw), clean energy research firm BNEF said.