A private firm, which evaluated the generation-based incentive scheme in India has proposed to incentivise utilities to purchase wind power.
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India plans to add 12 GW solar power, 4 GW wind energy, 500 MW biomass-based power and 225 MW small hydro power capacity between April 2016 and March 2017.
Approval shall be subject to the turbine model meeting international specifications.
Officials of the Ministry of New and Renewable Energy have stated that the first-ever wind energy auction in India will be competed by next month.
Project developers are apprehensive about India’s latest wind energy policy which calls for large-scale auction of projects. The uncertainty amongst wind energy project developers in India originates from the fact that there is lack of clarity on the extension of crucial incentives like the accelerated depreciation and generation-based incentive. These two support mechanisms have been […]
Buoyed by a good monsoon and availability of transmission network, the availability of wind energy in the southern Indian state of Tamil Nadu has got 1 GW of surplus wind energy this season. The state government of Tamil Nadu has asked the central government to allow it to sell this surplus 1 GW wind energy […]
India may soon launch its first-ever auction for wind energy projects as it plans to keep the investors interested even as some crucial financial incentives are set to expire by early next year. The Ministry of New & Renewable Energy has issued a proposal to auction 1 GW of wind energy capacity across various states […]
The Ministry of New and Renewable Energy (MNRE) in India has come out with most ambitious capacity addition target of 16,600 MW for renewables this fiscal year. According to MNRE, during the current fiscal solar capacity is expected to reach its largest-ever capacity addition target of 12,000 MW which would be followed by wind (4,000 […]