Page 32

energetica-india-55

“With improved technology, WTGs that offer higher energy yields, incentives and attractive tariffs, investors can expect Internal Rate of Returns (IRRs) in excess of 20% from wind farms” Energetica India talks to Mr. Kailash Tarachandani, CEO, Inox Wind Limited on India’s wind energy sector, investment returns in wind farms and learns more about Inox’s 2MW DFIG 100 rotor dia Wind Turbine Generators. ENERGETICA INDIA: What kind of financial returns 32 can an investor expect from wind farms in India; in current times? MR. KAILASH TARACHANDANI: The Government of India is targeting an installed wind generating capacity of 60,000 MW by 2022 from the current capacity of 23,000 MW. To meet its targets, the government has introduced several fiscal and regulatory incentives like reintroduction of Accelerated Depreciation benefits and reintroduction of Generation Based Incentives. As per Reserve Bank of India’s notification released in April 2015, bank loans up to Rs.150 mn per borrower for installation of wind mills will be classified under Priority Sector Lending. The state governments are also providing incentives like attractive Preferential Tariffs for wind power over and above the central government’s sops to attract investments in wind energy. Several states like Rajasthan, Madhya Pradesh, Gujarat, Andhra Pradesh, Telangana, Maharashtra and Karnataka have provided preferential tariff over and above MNRE’s GBI of Rs. 0.5 per kilowatt-hour to attract investments. The regulatory impetus that the government is providing has improved the viability of investments in the wind sector leading to strong demand from all categories of investors. With improved technology, WTGs that offer higher energy yields, incentives and attractive tariffs, investors can expect Internal Rate of Returns (IRRs) in excess of 20% from wind farms. ENERGETICA INDIA: How important is wind forecasting for wind farms in India? What are the challenges being faced by wind developers to work along with the policy of wind forecasting and how is Inox able to help here? MR. KAILASH TARACHANDANI: Wind is generally intermittent and variable with the season, type of terrain, time of day and height above the ground. Therefore, wind resource evaluation and accurate forecasting of wind power density is a critical element in planning and operations of wind farms and projecting wind turbine performance at a given site especially in low wind resource locations such as those in India. Inaccurate data can affect project viability and stability of the grid. Inox Wind has carried out meso-scale mapping pan India to identify potential sites suitable for wind farms. The company has installed wind masts across windy states in India for continuous wind data monitoring. Based on detailed wind resource assessment, a significant land bank has been acquired by the company. Besides in-house wind resource assessment, generation estimates and wind data analysis are also duly verified by world renowned wind assessment consultants. Inox Wind provides turnkey solutions for wind farm projects. These services include wind resource assessment, site acquisition, infrastructure development, erection and commissioning, and also long term operations and maintenance of wind power projects. The company acquires land after detailed wind resource assessment of sites. Inox Wind is amongst the largest land bank owners in Gujarat, Rajasthan, and Madhya Pradesh. The company has sufficient land bank as of June 2015 for the installation of an aggregate capacity of more than 4,500 MW. It intends to develop this land bank for customers as part of its turnkey model for wind farm development and is focusing on increasing land bank in existing states as well as new states like Andhra Pradesh. ENERGETICA INDIA: What kind of growth do you expect in India’s wind energy sector over the next 3-5 years? MR. KAILASH TARACHANDANI: The Government of India is laying unprecedented thrust on the development of renewable sources of energy to provide for the long term energy security of the nation and to meet its commitment of preserving the environment. In seven years, the government of India plans to almost triple the installed wind generat- Mr. Kailash Tarachandani CEO, Inox Wind Limited energetica INDIA · JAN | FEB16 INTERVIEW


energetica-india-55
To see the actual publication please follow the link above