India Development News & Foreign Investment Opportunities

Wind Power: Projects for 12,162.50 MW awarded

Installed: 37,090.03MW wind power

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Installed: 37,090.03MW wind power

National Institute of Wind Energy.

 

Bids for 15,100 MW of wind power projects have been issued, out of which projects of 12,162.50 MW capacity have been awarded, Minister of State New and Renewable Energy R.K. Singh said in written reply to a question in Rajya Sabha on 3 Dec 2019.

The cumulative installed capacity of wind power, as 31 Oct 2019, is 37,090.03 MW.

The Government, he said, 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.

Responding to the house, Singh highlighted ‘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.

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. fiinews.com

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