Energetica India Magazine nº88 March-April 2020

WIND POWER Wind in the blades: Some imperatives as the wind energy sector revs up after a two-year stall The Indian wind energy sector is poised to add 12-14 GW capacity between fiscals 2020 and 2024, powered by a triad of factors – improved contract structure for Solar Energy Corporation of India (SECI) bids, removal of tariff cap, and augmentation of evacuation infrastructure by creating renewable energy zones. Gathering itself up after therecent phase of turbulence, the wind energy sector is poised to add 12-14 GW capacity be- tween fiscals 2020 and 2024, which would take its total in - stalled base to about 50 GW. This would be powered by a triad of factors – improved con- tract structure for Solar Energy Corporation of India (SECI) bids, removal of tariff cap, and augmentation of evacuation infrastructure by creating renewable energy zones. Additional tailwind comes from continuing policy thrust on clean energy as well astariff competitiveness compared with thermal powerand the average power purchase cost of dis- coms. That said, further facilitations are needed to ensure the re- bound sustains in a country that already ranks in the top four in terms of global installed wind capacity. Towards this end, CRISILInfrastructure Advisory recommends the following measures over the short and long terms: Steps to whip up the tailwinds Pranav Master Director – Energy, CRISIL Infrastructure Advisory. 56 energetica INDIA- March-April_2020 Source: CRISIL Infrastructure Advisory