Suzlon, The Wind Turbine Manufacturer Suzlon which is India’s largest pure play green company and one of the largest wind turbine manufactures globally has been stuck in morass since 2009. The company has been making losses continuously as the global environment changed dramatically with a massive supply glut by Chinese wind turbine makers and falling […]
Wind Power in India has been wildly successful and is the 5th biggest in the world because of substantial incentives from the government. One of them has been accelerated depreciation which has made hundreds of companies and rich individuals buy small wind farms. This helps them offset their tax liabilities providing a substantial 2 digit returns. However the big drawback in this from of green subsidy is that it does not incentivize the production of wind energy. Once the wind farm is set up, the incentive to produce lots of electricity is not there unlike the case of Feed in Tariff where your returns are solely based on the electricity generation.
Wind Power in India is the 5th biggest wind energy market in the world with more than 2 Gw of wind capacity being installed in the country.However Wind Energy Companies in India are seeing increasing competition from the entry of low cost Chinese Wind Turbine manufacturers Shanghai Electric and Dongfang.Chinese Wind Companies have seen astronomical growth in the last 5 years to occupy 7 of the top 15 global positions in the top wind companies in the world from zero.On the other hand India has only Suzlon in that list. Wind Turbines in India which are not as sophisticated and advanced in the western market with most turbines being of lower than 1 MW capacity.However with increasing focus on improving the LCOE and development of low wind locations,India Turbine producers are concentrating on introducing higher capacity 2.5 MW turbines and advanced technology like “direct drive” wind turbines.
India’s Wind Energy Market is the 5th largest in the world and is the biggest renewable energy sector in India (non-hydro).Wind Power forms almost 70% of the Alternative Energy Capacity in the country and will have an important role to play to meet India’s target of 10% Renewable Energy from Electricity by 2020.Wind Energy is very cost effective in terms of cost and is approaching Gas Electricity Prices.Combined with the favorable tax treatment,accelerated depreciation,subsidies by different sates,Wind Energy has become the favored Green Energy Sector for investment by large private sector companies.Wind Power Plants are increasing in number and scale as larger companies like Caparo enter the Wind Power Sector.Wind Turbine Manufacturers in India are fast expanding capacity and investment to capitalize on this opportunity.Suzlon remains the Bid Daddy of the Wind Industry in India,however a number of foreign and domestic Wind Turbine Manufacturers are giving it a run for its money.Global Wind Turbine Leaders like Siemens,Enercon,GE have started Wind Turbine Equipment Manufacturing in India in recent times to lower their costs.Here is a list of the Major Wind Turbines available in India of different types and capacities from the various Different Wind Manufacturers.