Wind energy

Why is it in the news ?
  • According to a report by Crisil, capacity addition in the wind energy sector will slow down over fiscal 2019 to 2023.
  • The addition activities to get slow given the decline in bid responses and profitability of original equipment manufacturers.
More in the news
    • Findings of the Report:
      1. 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.
      2. The shift to a competitive bidding mechanism has slowed industry growth due to a significant fall in tariffsand also due to the allotment of central transmission utility’s grid-connected capacities.
      3. Consequently, there is a decline in both bid response and profitability for original equipment manufacturers (OEMs).
      4. The shift to a competitive bidding mechanism in the wind energy sector has resulted in tariffs falling to ₹2.4-2.6 per unit, from ₹4-4.5 per unit under the feed-in tariff regime.
      5. The other constraints to capacity addition are:
        (a) Poor bid response and slow tendering,
        (b) Inadequate transmission infrastructure and
        (c) Availability of low-cost funds for projects.
Wind energy sector in India
  • India has the 4th largest installed capacity in wind power after China, U.S and Germany.
  • The total installed capacity of wind power in India as on March 2017 is around 32 GW.
  • A recent study by National Institute of Wind Energy (NIWE) has shown wind energy potential of 302 GW at 100 m hub-height in India.
  • Wind Energy has spread across the South, West and North regions of India.
  • Tamil Nadu has the highest installed capacity in the country.
Source
The Hindu.



Posted by Jawwad Kazi on 7th Mar 2019
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