Page 3 - Wind Power

Torrent Power acquires 156 Mw wind power plants from CESC Ltd arm

Struck at an estimated enterprise value of Rs 790 cr, subject to closing price adjustments, the acquisition must now meet customary conditions for transaction closure

ReNew Power to invest $1.2 bn for country's 1st round-the-clock RE project

The project will be designed to operate at an 80% average annual PLF and will have a minimum capacity utilisation factor of 70% monthly, despite being a renewable energy project, says ReNew Power

End of thermal PPAs to help renewable power purchase, says SECI CMD

Jatindra Nath Swain, chairman and managing director, SECI, spoke to Shreya Jai about the growth prospects of the RE sector in India, the challenges, and plans

Best of BS Opinion: RIL's mega green push, India's securities mkt & more

Here are the best of Business Standard's opinion pieces for Friday

Has India clinched the manufacturing deal?

The scheme to offer cash incentives for local manufacturing of solar equipment as well as batteries may require a few iterations to really click, or it may fly in the first round of bidding itself

JSW Energy signs PPA for 540 MW of wind power projects

The company won these projects in a competitive bidding done by SECI

Adani Green Energy arm commissions 100-MW wind power plant in Gujarat

Adani Green Energy on Monday said its arm Adani Wind Energy Kutch Three Limited (AWEKTL) has commissioned a 100 megawatt (MW) wind power plant located at Kutch, in Gujarat

Optimism on renewables

India will need increased effort to meet the targets

Looking to expand presence, Vestas bets on India specific wind turbines

The expansion plans of the Danish major comes at a time when India saw its lowest-ever wind power capacity addition during last fiscal year

Bridge To India cuts solar, wind power capacity addition outlook to 35 Gw

The consultancy further noted that the sector was already grappling with a series of vexatious issues over the last few years

MNRE removes cap on bids for renewables, industry says decision ill-timed

Industry has been asking for removing caps when market conditions favoured higher tariffs; the govt's move comes when tariff has reduced

Andhra agrees to pay renewable projects at average rates till resolution

High Court directs state to pay in four weeks

ReNew Power Transmission eyes double-digit growth, projects worth $20 bn

The Goldman Sachs-promoted firm started its 'New Ventures' division to explore opportunities in energy storage, power transmission, floating solar, and wind-solar hybrid projects

Plan to tap wind power, establish desalination plants in 3 ports: Gadkari

The proposal to tap wind power from Tuticorin, Kandla and Paradip ports has been discussed with the Power Minister R K Singh, said Gadkari

Odisha turns to other states for wind power, hopes to get 150 Mw in FY20

None of the locations in Odisha have been deemed to be suitable for installing wind power projects, prompting the state to buy from elsewhere

India's wind power potential slumping due to warming of Indian Ocean: Study

Indian monsoon is weakening as a result of warming waters in the Indian Ocean, leading to a steady decline in wind-generated power

Wind power tariffs to be sustainable at around Rs 3 per unit in 2018-19

CRISIL expects wind power companies to sustain stable credit outlooks despite lower cushions for debt servicing rendered on account of lower tariffs

Wind power projects' auction in Gujarat: Tariff tumbles to Rs 2.43 per unit

Actis Energy fund-backed Sprng Energy quoted the lowest bid

Wind power producers can't be asked to put the clock back

In another path breaking order, AndhraPradesh Electricity Regulatory Commission (APERC) has disallowed any revisionin the tariff of wind power which was signed by the state and the devloper. TheRegulator not only allowed the earlier tariff but also rapped the power distributioncompanies for going back on their power purchase agreements (PPAs). The order pertains to close to 41 windpower projects which signed PPA with the two state power distribution companiesin 2015 at Rs 4.76 per unit in feed-in-tariff mode. After two years, when thewind tariff was discovered at Rs 3.46 per unit in the first ever auction ofwind power projects, the state discoms went to the regulator citing that they don'twant to purchase "costly wind power". The discoms sought the regulator'sapproval to reduce the tariff. The order is abig positive for the companies operating in the state such as Tata Power, ReNewPower, Sembcorp, Mythrah Energy and Ostro Energy among others. Recently, KarnatakaElectricity Regulatory .

India's wind power capacity crosses 32 GW mark, says IWTMA

India is at fourth position after China, the US and Germany, in terms of wind capacity installation