05 Sep '13, 2pm

Asia Report: What's Driving, And Hampering, India's Wind Market Momentum

Asia Report: What's Driving, And Hampering, India's Wind Market Momentum

The GBI, whose return was announced this spring , will cover wind plants built between 2012-2017. There's still no decision on an accelerated depreciation benefit, though, notes Make Consulting. The firm counts 470 MW of commission-ready turbines that remain idle, and a mandate to project next-day generation on quarter-hourly basis could challenge grid operators. Nevertheless the government has stuck with its target of 15-GW of new installations by 2017; Make suggests current budgets and caps would support 1-GW, so new financial support will be required. There's another hurdle for India's wind sector to overcome, however. A sudden and steep devaluation of the rupee vs. the US dollar — 17 percent this year, and an eight percent slide in August alone — translates to higher costs for financing sourcing components. "If the rupee doesn't recover in the next couple of months, it...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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