The past year and half have been quite eventful for the wind power section for a number of reasons; the discontinuation of generation-based incentives (GBIs), the phase-out of the accelerated depreciation (AD) benefit starting April 1, 2017 and the replacement of he feed-in tariff (FiT) mechanism with competitive bidding.
On the one hand, the withdrawal of GBIs and the AD benefit led to the highest-ever wind capacity addition (about 5.5 GW) in 2016-2017, while on the other, the transition from FiTs to auctions led to the discovery of all new wind tariffs of sub-Rs 2.50 per kWh.
Already, five auctions have been conducted by the Solar Energy Corporation of India (SECI) and two state nodal agencies while many more are lined up for the coming year.
As more capacity gets auctioned, new trends are emerging in the Indian wind power space.
The overall industry structure is changing and the funding scenario is also maturing with new financing instruments being explored by players.
The policy and regulatory framework is also evolving to accommodate as well as facilitate sector growth.
Key Topics Covered
- Wind Sector Overview
- Policy and Regulatory Framework
- Experience of Completed Wind Tenders
- Upcoming Wind Tenders
- Risks and Challenges
- Alternative Wind Power Selling Options
- Impact of Competitive Bidding on Industry Structure and Consolidation
- Changing Cost Economics
- Financing of Competitively Bid Projects
- Impact on Capacity Addition and Investment (2018-2023)
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