The Indian wind industry has been in doldrums in recent times, with the removal of long standing accelerated depreciation subsidy as well as the removal of generation based incentives. This coupled with inadequate transmission capacities has made wind energy slow down considerably. While GBI has been reintroduced, the animal spirits are missing in the wind [...]

India’s power industry remains in the woeful, desperate state because of the endemic corruption, vested interests and regulatory capture by powerful corporates. This regulated industry has become a toy for powerful political and business lobbies who use the industry for their own personal advantage. Despite having one of the largest reserves of coal in the [...]

Vestas Vestas has been going through a torrid time in the last 4-5 years, as the Chinese competition has destroyed the business model of the leading wind turbine players such as Suzlon and Gamesa. Vestas has been posting large losses in the last few years as prices for its main products have declined substantially due [...]

Energy Storage Solar energy is no longer a fringe pastime for tree lovers but a $100 billion industry these days with 35 GW of installation expected in 2013 alone. Note solar energy is set to grow rapidly as it reaches the inflection point with solar energy costs reaching grid costs in a majority of countries [...]

WinWinD Goes Bankrupt The Wind Turbine industry has been going through a prolonged recessionary phase, as massive overcapacity created by the Chinese players have reduced prices and margins drastically. The WTG industry has seen almost all companies operating in the red, as prices have gone below the costs for companies. Even the largest WTG makers [...]

The Indian wind energy industry was finally seeing some rays of hope with the government reinstating the wind power subsidies in the form of Generation Based Incentive (GBI), which had been removed for more than a year. With India’s REC market in a coma and transmission problems, the installations had come down. But the recent [...]