Latest Wind Energy News India Aug'21

28 September, 2021

Latest Wind Energy News from India:

  1. Stagnation of Wind: The wind power industry and experts highlight that the reason for the stagnation is the shift to auction route that seeks the lowest per-unit cost in the wind sector, lack of financial incentives and difficulties in finding land for the projects.
  2. Repowering Wind turbines: “Repowering means replacing a high number of smaller, less efficient turbines with a smaller number of bigger, more efficient turbines. This comes with increases in capacity, hub height, rotor diameter, etc.,” Christoph Zipf of Belgium-based Wind Europe. The amount of energy produced increases with an increase in blade length, and hence the rotor diameter. Rotor diameter and hub height have been increasing over the years–the very first wind turbine installed in India had a capacity of 55 kilowatt (KW). The capacity of present day turbines can be more than 3,000 KW (3 MW).
  3. The Revised list of models and manufacturers (RLMM) for Wind turbines in India has as many as 9 out of 14 manufacturers that are foreign firms, or have licenses from foreign firms to make in India.
  4. Growth in Wind Power in India in 1990s: Commercially viable wind power capacity was the first to be developed on a large scale in the 1990s, mostly in the western and southern states, thanks to the incentive of accelerated depreciation (AD) that the government offered. (AD is an income tax benefit which allows faster depreciation of assets, reducing the tax burden. In the case of renewable energy, AD rate was 100% earlier, and has now been reduced to 40%. This compares favourably with other machinery, which depreciates at a 15% rate.)
  5. SECI 1200 MW solar wind hybrid: NTPC Limited, NLC India, Mission Ten Renewable Energy (Ayana Renewable Energy), and Azure Energy emerged as the winners in the Solar Energy Corporation of India’s (SECI) auction for 1,200 MW solar-wind hybrid projects (Tranche-IV) related to the Interstate Transmission System (ISTS). The final winning bid was at Rs 2.34/unit.
  6. 800 MW wind tender:  The Maharashtra State Electricity Distribution Company (MSEDCL) has issued requests for selection (RfS) to procure 500 MW wind power from intrastate wind power projects and 300 MW wind power from grid-connected new inter-state and intrastate wind projects.
  7. Offshore Wind: ONGC is eyeing generating electricity from wind at its vast offshore acreage as it looks to augment its renewable energy portfolio, its chairman Subhash Kumar said. Oil and Natural Gas Corporation (ONGC) has oil and gas fields both in the Arabian Sea and Bay of Bengal. That experience of operating in shallow and deep-sea is now being tapped to set up wind turbines to generate electricity that could be wired to land.
  8. Pending payment to developers: The Andhra Pradesh Electricity Regulatory Commission (APERC) has granted six weeks to a distribution company (DISCOM) in Andhra Pradesh for the payment of a withheld amount of ₹705.4 million (~$9.6 million) to a wind energy generator towards Generation Based Incentive (GBI) and Capacity Utilization Factor (CUF) components.
24 February, 2024

Byju’s, once heralded as a flagship in India’s edtech sector, is grappling with severe financial and operational challenges, marked by a dramatic valuation drop. The company, which sought to stabilize its operations and finances, is now raising funds at a valuation significantly lower than its peak. This development comes amid efforts to address a substantial debt burden, with Byju’s proposing a repayment plan for its $1.2 billion loan. Investor confidence appears shaken, with some stakeholders pushing for drastic changes in leadership to navigate the crisis effectively. The turmoil reflects broader sectoral pressures and raises questions about the sustainability of high-growth trajectories in the edtech industry

10 February, 2024

Australia’s energy market is witnessing significant transitions and investments aimed at bolstering renewable energy infrastructure and securing gas supplies. Key developments include a $179 million investment by the Queensland Government for community battery projects, Santos’ $5.7 billion gas pipeline project following a legal battle win, and a $206 million energy savings package for NSW households. Additionally, the Australian government has secured new gas supply deals to support the east coast market, emphasizing the role of gas in transitioning to a renewable grid.

India 2024
9 February, 2024

The latest opinion polls, including the Mood of the Nation survey by India Today, predict a comfortable victory for Prime Minister Narendra Modi’s BJP and its allies in the National Democratic Alliance (NDA), with a projected win of 335 Lok Sabha seats in the 2024 general elections. This forecast suggests a slight decrease from the 2019 elections but still ensures a majority. The survey, involving interviews with over 149,000 respondents, reflects Modi’s enduring popularity based on his nationalist policies and economic reforms. Other polls echo these findings, although seat projections vary slightly. The opposition INDIA alliance is expected to secure a significant number of seats, yet not enough to challenge the NDA’s majority. These predictions highlight a political landscape that remains largely favorable to Modi and the BJP as the election approaches