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.
The shift to a competitive bidding mechanism has slowed industry growth due to a significant fall in tariffs, triggering a decline in both bid response and profitability for original equipment manufacturers (OEMs), CRISIL Research said in a statement.
It said capacity addition is expected to rise by 14 to 16 GW over fiscal 2019 to 2023, entailing investments of Rs 1,10,000 crore.
Capacity additions will primarily be driven by Central government allocations with relatively stronger counterparties like Solar Energy Corporation of India (SECI) and PTC, reducing risk as compared to direct exposure to state discoms, the statement said. Read More
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