The sector is witnessing increased interest from developers in setting up large-scale wind-solar hybrid projects. As the wind energy ecosystem transitions from the FiT to the reverse auction regime, it would result in the customer base for OEMs shrinking. While they earlier received orders from companies in unrelated businesses seeking tax breaks, smaller players will now find it difficult to participate under competitive bids. This is mainly owing to the large block size (50 MW minimum block) on offer and higher capex involved.
Over the next five years, wind power market is expected to grow significantly on the back of competitive bidding regime, national targets and falling capital costs. Increased lending by banks at lower interest rates for longer tenures also helps the market grow.
Offshore wind is another opportunity that is coming up, for which the government has already notified the National Offshore Wind Policy. However, the commercial sense for these projects will take a long time to be established.
Capital costs for wind projects have been falling in the recent past. This trend has been assumed to continue into the future as well, as the scale of installations and installed capacity increases.
The data sources in this report is both primary and secondary. The primary data is obtained from sources such as related ministries, industry experts, private companies, Conferences organized by us for the related sector etc. The secondary sources include annual reports of companies, industry associations, paid databases, web sites, etc. The analysts and researchers combine the information from these primary and secondary sources with their industry expertise to synthesize the data presented in the report. Surveys and interviews are also conducted for this research. For the surveys, Interviews with key players and relevant people in the sector are mainly conducted. They are mostly via telephonic as well as personal interviews.
The report has three sections with thirteen chapters (in addition to executive summary):
Section A: Sector Analysis, Recent Developments and Outlook
- Changing Market Dynamics
- Competitive Bidding
- Policy and Regulatory Round-up
- Cost and Financing
- Grid Integration and Planning
- Equipment and Technology Market
- Outlook and Opportunities (till 2021-22)
- Impact of GST
Section B: Emerging Areas of Opportunity
- Energy Storage
- Wind-Solar Hybrids
- Wind Repowering
- Offshore Wind
Section C: Database of Existing Wind Power Plants
(This includes information on owner, project capacity, location, turbine make, rated capacity, year of commissioning, etc.)