+
Investments in wind repowering could total INR 400 billion: CRISIL
POWER & RENEWABLE ENERGY

Investments in wind repowering could total INR 400 billion: CRISIL

According to research firm CRISIL, the Ministry of New and Renewable Energy’s draught policy for repowering old wind power plants has the potential to spark investments worth INR 400 billion over the course of three to five years, which is nearly three times the average annual wind power capex seen in the previous four fiscals. Ankit Hakhu, Director, CRISIL Ratings, stated that, “this may result in the replacement of around 5 GW of obsolete windmills with new wind power facilities having two times more generation capabilities. Because such projects may yield double-digit returns at prices of around INR 4 per unit for the additional capacity, their feasibility appears to be strong.”

Since their typical power purchase cost is currently INR 4-5 per unit, a pricing like this might draw C&I clients through open access, according to Hakhu. As per the official press announcement, up until March 2018 the total installed wind capacity increased by almost three times, from roughly 13 GW in 2010 to 34 GW. However, the majority of these used windmills with hub heights under 100 metres and narrower turbines with capacities around 1.5 MW. Compared to more recent technologies, they produce less per unit of capital expenditure.

New windmills can operate at hub heights over 150 metres, and they can use turbines with a capacity of more than 3 MW to produce more power per unit of machine capital expenditure. This can make use of locations with significant generating potential but now only have older generation turbines.

According to research firm CRISIL, the Ministry of New and Renewable Energy’s draught policy for repowering old wind power plants has the potential to spark investments worth INR 400 billion over the course of three to five years, which is nearly three times the average annual wind power capex seen in the previous four fiscals. Ankit Hakhu, Director, CRISIL Ratings, stated that, “this may result in the replacement of around 5 GW of obsolete windmills with new wind power facilities having two times more generation capabilities. Because such projects may yield double-digit returns at prices of around INR 4 per unit for the additional capacity, their feasibility appears to be strong.” Since their typical power purchase cost is currently INR 4-5 per unit, a pricing like this might draw C&I clients through open access, according to Hakhu. As per the official press announcement, up until March 2018 the total installed wind capacity increased by almost three times, from roughly 13 GW in 2010 to 34 GW. However, the majority of these used windmills with hub heights under 100 metres and narrower turbines with capacities around 1.5 MW. Compared to more recent technologies, they produce less per unit of capital expenditure. New windmills can operate at hub heights over 150 metres, and they can use turbines with a capacity of more than 3 MW to produce more power per unit of machine capital expenditure. This can make use of locations with significant generating potential but now only have older generation turbines.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code