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Wind power projects of 12162.50 MW capacity awarded so far

Capital Market 

Bids received for 15100 MW of wind power projects

Wind power projects are set up in the country, including in the state of Rajasthan, on the basis of commercial principles taking into account wind resource, land availability, transmission infrastructure, etc. The Union Minister of State (IC) New & Renewable Energy, Power and Skill Development and Entrepreneurship R.K. Singh informed in Rajya Sabha that so far, bids for 15100 MW of wind power projects have been issued, out of which projects of 12162.50 MW capacity have been awarded.

The cumulative installed capacity of wind power (as on 31 October 2019) in the country is 37090.03 MW.

The Government has issued 'Guidelines for Development of Onshore Wind Power Projects' on 22 October 2016 with an objective to facilitate development of wind power projects in an efficient, cost effective and environmentally benign manner taking into account the requirements of project developers, States and national imperatives. The Guidelines have provisions for requirement of site feasibility, type and quality certified wind turbines, micrositing criteria, compliance of grid regulations, real time monitoring, online registry and performance reporting, health and safety provisions, decommissioning plan, etc.

The Government has also issued 'Guidelines for Tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Wind Power Projects', on 8 December 2017, with an objective to provide a framework for procurement of wind power through a transparent process of bidding including standardization of the process and defining of roles and responsibilities of various stakeholders.

The Government is promoting capacity addition of wind power projects through private sector investment by providing various fiscal and financial incentives such as Accelerated Depreciation benefit; concessional custom duty exemption on certain components of wind electric generators. Besides, Generation Based Incentive (GBI) is available for the wind projects commissioned before 31 March 2017. In addition to fiscal and other incentives as stated above, technical support including wind resource assessment and identification of potential sites is being provided through the National Institute of Wind Energy, Chennai.

State wise wind power installed capacity end October 2019STATE Cumulative wind power capacity (MW)Andhra Pradesh 4092.45Gujarat 7203.77Karnataka 4753.40Kerala 62.50Madhya Pradesh 2519.89Maharashtra 4794.13Rajasthan 4299.72Tamil Nadu 9231.77Telangana 128.10Other States 4.30Total 37090.03

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, December 04 2019. 11:27 IST