Published on : Mar 11, 2015
The wind energy industry has sought convergence and compliance in policies in order to fully yoke the resource potential across the country. The need of the hour is to set up the renewable energy management centers for scheduling wind power and stabilizing the forecast, added the industry representatives in a Tuesday statement.
The managing director at Acciona Energy said that although the wind power cost per MW proved to be the cheapest in the country, he would consider thinking twice before acting or investing in the country’s assets. It lacks assurances in incentives and policies as well as ill-health of the state-run power utilities.
The company is a subsidiary of a Spanish firm. It is involved in developing renewable energy projects, including solar energy, small hydro, thermal energy, and biomass among other marketing of biofuels. The officials at the company think twice about installing any shop in India as the country lacks all policies and incentives. They like to receive the money on time as well.
Although India has around 10,000 MW annually installed capacity of wind power systems in the country, around less than 50 percent of the total capacity is used in states in addition to the wind energy potential and wind mills due to power outages.
Due to this, the wind energy in the country has been pushed to 1,500 MW from 3,000 MW in the last two years. However, the government has aimed for 60 GW ambitious targets which are not achieved so far in attracting the stakeholders in the sector in order for them to invest in the installations of wind mills.
The Karnataka’s chief secretary for energy in India said at the fourth wind discussion form that the state was producing only 103 MW of wind power. This was despite the installed capacity of 2,500 ME.
The C-STEP forum further discussed issues related to the early solutions and problem solving of different grid integration, land allotment, poor financial health of utilities, and lack of incentives and access to finances at affordable interest rates for setting up wind mills.