Wind Turbine Firms Face Headwinds With Weak Visibility On Orders

Wind Turbine Firms Face Headwinds With Weak Visibility On Orders

India’s wind energy capacity addition in the current financial year remains adversely impacted due to migration from feed-in tariff to bid tariff route and with a very limited progress seen in tie-up of incremental wind energy Power Purchase Agreements (PPAs) through bidding route so far, research and ratings agency ICRA said.

“As a result, the credit profile of wind turbine generator (WTG) Original Equipment Manufacturers (OEMs) would remain under pressure due to sector specific headwinds in near term. In this context, clarity from Central Electricity Regulatory Commission (CERC) on inter-state connectivity issue for projects under SECI scheme by MNRE in time-bound manner remains critical,” said Sabyasachi Majumdar, Senior Vice President at ICRA. Read More…

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