India Renewables Report - Business Monitor International - Industry Reports

India Renewables Report

India Renewables Report - Business Monitor International - Industry Reports
India Renewables Report
Published Sep 03, 2016
40 pages — Published Sep 03, 2016
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Abstract:

It was announced in June ---- that the government will implement the country s first wind energy auction. The wind tender will reportedly be launched over the next two months and the minimum amount of capacity in the bidding process will be --MW, with the aim of procuring -GW of capacity in total. ...However, the company is showing strong signs it wants to increase its footprint in India s rapidly expanding renewables market. This keenness to increase its exposure to the company s domestic renewables sector has been highlighted over the last three months, through an acquisition (of Welspun Renewables Energy in June), the implementation of power mix portfolio targets and the securing of project development contracts. Tata Power s efforts to increase its exposure to the Indian renewables sector should serve the company well, given the growth potential in the Indian market. ...This keenness to increase its exposure to the company s domestic renewables sector has been highlighted over the last three months, through an acquisition (of Welspun Renewables Energy in June), the implementation of power mix portfolio targets and the securing of project development contracts. Tata Power s efforts to increase its exposure to the Indian renewables sector should serve the company well, given the growth potential in the Indian market.

...In July, Suzlon Energy won an order from an IPP for a --.-MW wind power project in Madhya Pradesh. Suzlon will supply wind turbines, build, commission, operate, maintain and service the project for -- years. ...In June, the Indian Ministry of New and Renewable Energy (MNRE) launched a scheme to set up -GW of grid-linked wind power parks. The MNRE said the plan aims to help distribution companies in states with inadequate wind resources to meet their non-solar renewable purchase obligation requirements. Vikram Solar plans to invest USD---mn to increase its annual manufacturing capacity of photovoltaic cells and panels to ---MW and -,---MW, respectively. ...In June ABB commissioned five substations to integrate Adani Group s ---MW solar photovoltaic project at Kamuthi in Tamil Nadu to the national transmission grid. The complex consists of five solar plants at a single location.

...The solar sector s outperformance in relation to the wind sector is in part a result of the supportive regulatory framework set up by the government to encourage investment into the market and the government s strong commitment to expanding solar power in the country. The Modi administration aims to install ---GW of solar capacity by ---- and has prioritised the expansion of solar over other renewables technologies. ...

  
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Document ID
2050-8026
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "India Renewables Report" Sep 03, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/India-Renewables-Report-2026-1447>
  
APA:
Business Monitor International - Industry Reports. (2016). India Renewables Report Sep 03, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/India-Renewables-Report-2026-1447>
  
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