Wind Sector Hopes for Better Times Ahead

Wind Sector Hopes for Better Times Ahead

In the last two years, only 15 percent of India’s annual installed wind energy manufacturing capacity of 10 gigawatts (GW) has been utilised, according to the Indian Wind Turbine Manufacturer’s Association (IWTMA).

At a recent meet with the Ministry of New & Renewable Energy (MNRE) and the renewable energy sector, members of the wind energy industry raised concerns over the current state of the sector. The low capacity utilisation of wind energy is not sustainable for the sector and has affected 4,000 small and medium enterprises and 2 million jobs, according to chairman of IWTMA, Tulsi Tanti.

“The wind energy sector has been reeling under tremendous pressure and struggling with the transition from feed-in tariff (FiT) to reverse bidding, with tariff cap regime resulting in very low tariff. The tariff discovered is so low that it is neither bankable nor sustainable. Due to this, irrespective of bidding of 17 GW, the actual installation is around 700 MW.” At this rate, achieving the target of 175 GW of energy from renewable sources by 2022 will be a big challenge, noted a press release issued by IWTMA. Read more

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