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  • After a year of lull, the wind power sector in India has regained momentum with 15 GW of capacity either tendered or in the process of being tendered as of June 2018. The current installed capacity in the sector stands at about 35 GW, implying that an average of 6 GW capacity needs to be added per annum to achieve the 60 GW by 2022 target. In the long term, the government intends to have 140 GW of wind power capacity by 2030.

  • With a clear visibility of contiguous volumes in the coming years, the market dynamics are changing rapidly. Industry consolidation is gaining momentum and project sizes are becoming larger, bringing in advantages of scale at the project level. Wind tariff has reached a new normal, which is more acceptable for discoms that were earlier not willing to offtake costlier wind power. As a result, financiers are increasingly finding the wind sector a safe bet.

  • There is an increased focus on technological innovation by manufacturers as they work towards bringing down the levellised cost of energy and increasing the plant load factor (PLF). The next generation turbines from leading manufacturers are likely to deliver around 35-40 per cent PLF in high wind states, which is almost twice the PLF compared to solar.

  • Moreover, the government is providing a significant push to new technologies and project designs. Both solar-wind hybrids as well as offshore wind policies have been finalised. The target for solar-wind hybrids has been set at 10 GW by 2022, and that for offshore wind energy has been set at 5 GW by 2022 and 30 GW by 2030. It is now working towards finalising the National Energy Storage Mission, which is likely to have significant positive implications for the wind power sector.

  • On the regulatory front, there is an increased focus on the effective implementation of forecasting and scheduling norms at the state level. Issues pertaining to banking of wind power and must-run status are also being resolved speedily. Waiver of interstate transmission charges has also been a positive move.

  • However, the sector faces several risks and concerns with the biggest challenge pertaining to grid connectivity allocation and access. This will not only lead to significant delays in project development but also cost escalations. Progress in terms of enhancing and upgrading the transmission and distribution infrastructure to be able to absorb higher renewable energy capacities has also been slow. Meanwhile, reverse bidding has created a short-term pressure on the value chain, raising questions on the viability of projects at lower tariffs. .

  • With this backdrop, the mission of this conference is to study the changing market dynamics, examine the new opportunities, assess the impact of recent policy and regulatory initiatives, discuss the risks and challenges, and showcase the latest innovations, most promising technologies and noteworthy projects. It will also provide a platform to project developers, EPC companies and technology providers to share their experiences and exchange ideas.

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