Indian Wind Industry The bad news has finally come in, that the Indian wind energy market halved in 2012, compared to the previous year. Only 1700 MW wind turbines were sold in this year compared to around ~3500 MW solar in 2011. The reason for the sharp decline was the removal of the accelerated depreciation [...]
India’s Renewable Energy Industry India’s renewable energy industry is already facing huge problems due to the country’s dysfunctional governance. The whole power industry is in crisis, thanks to the muddled regulation and crony capitalism. To expect green energy to have a smooth ride in such a scenario is foolhardy. The Renewable Energy Certificate (REC) Scheme [...]
Solar Energy continued to dominate clean energy investment in the 3rd quarter of 2012 with more than double the money being invested in solar energy plants compared to wind power farms. The total green investment could fall for the first time in 8 years according to BNEF as investment has declined sharply in major wind [...]
The Indian Wind Energy Industry is seeing rapid change with the rise of a number of independent power producers (IPPs) focused on Wind Power Development. These companies have been fueled by private equity and investment banking funding which has been attracted by India’s strong energy demand. While the traditional wind farm investors have retreated with [...]
GWI had written that the Indian Wind Power Industry is facing problems in 2012 and there is a possibility that new wind capacity could fall by 66% in 2012 as compared to the record breaking 2011. The Indian Wind Power Association (IWTA) representing 1350 companies has written a letter to India’s PM asking for reinstating [...]
Renewable Energy India India has sharply increased its target for Renewable Energy in the next 5 years to 30 GW from the earlier 17 GW. Greenworldinvestor had predicted that the 17 GW was too low a target in order to meet India’s 15% target of energy generation from green power sources ( see below). Though [...]