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Renewable Power Policy Push Warming Up Wind Power Market

News

Wind turbine manufacturer, Suzlon, is in the “last patch of paper work” before launching its latest turbine — the S-111. Its competitor, Gamesa, has just begun selling its own latest wind turbine — the G-114 — and says it will begin serial production later this year. “The supply chain is being established,” it says.

Source: Business Line

SNP Insight

With government planning to add 60 GW of wind capacity by 2022 the wind sector companies see a huge opportunity for growth in sector. Also the entry level barrier is increasing in solar sector for smaller renewable companies due to underbidding and undercut of market prices in solar sector. This will drive many new players to invest in wind sector, which has less competition in market segment. Also the PGCIL upcoming renewable corridor will help the wind power plants to evacuate the power easily and also help wind power producers to schedule the wind power in a better way. This may increase business the wind power equipment manufacturers, developers and investors in the sector.    

Source: SNP Infra Research