Wind power projects in India set for volume boost in FY24
The renewable power generation in fiscal 2023 saw a resurgence yet fell short of the P90 estimates at the portfolio level.
The renewable power generation in fiscal 2023 saw a resurgence yet fell short of the P90 estimates at the portfolio level.
As governments green their economies and utilities retire fossil-fuel power stations, wind installations are emerging as one of the most popular forms of alternative energy.
Electricity generated from the project will be supplied to Gujarat Urja Vikas Nigam Ltd (GUVNL). The project is expected to provide electricity to over 24 thousand households and curb over 97 thousand tonnes of CO2 emissions every year.
Wind generation in January was 356,000 megawatts (MW), compared to 455,000 MW in January 2023, data from the Electric Reliability Council of Texas (ERCOT) compiled by LSEG shows.
Adani, which won approvals to invest $442 million in the wind projects in February 2023, did not immediately respond to a request for comment.
The dilemma is that EU industry doesn’t want to risk cutting off supplies of crucial parts for solar panels and wind turbines, despite enormous Chinese state subsidies in China distorting the market.
Managed by the Solar Energy Corporation of India (SECI), under the ministry of new and renewable energy, this initiative aims to allocate four blocks, each with a 1 GW capacity, on an open access basis.
The selected offshore wind power developer will have to develop the transmission system to deliver the power at the offshore substation, grid connectivity, and long-term access to the grid.
There’s anticipation regarding announcements such as higher capital expenditure and production linked incentives for green initiatives, and measures that could boost private sector investment in the clean energy sector.
The agreement was signed in the presence of Gujarat Chief Minister Bhupendrabhai Patel on the sidelines of the Vibrant Gujarat Global Summit 2024 on January 10-12 at Gandhinagar, a company statement said.
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