Page 62 - CV Aug-Sep 2023 Issue

WIND

REPOWERING

CAN ATTRACT

RS 40,000 CRORE

INVESTMENTS: REPORT

was only 8 gw to kick-start investments worth Rs 40,000
take the total to crore including the cost of acquiring and
f materialized, this will lead to a
42 gw while between 2010 and 2018 the dismantling old plants over the next three
nearly three times (3x) the average
country added 34 gw. If materialized, this to five years, which if materialized will be
Iannual wind power capex seen in
will lead to a nearly three times (3x) the nearly three times the average annual
the past four fiscals, according to an
average annual wind power capex seen wind power capex seen in the past four
assessment by Crisil Ratings.
in the past four fiscals, according to an fiscals, Crisil said in a report on
The government's proposed policy to re- assessment by Crisil Ratings. Thursday.
power old windmills can attract
investments worth over Rs 40,000 crore, The Union new and renewable energy According to Ankit Hakhu, a director at
including the cost of acquiring and ministry had in October 2022 came out the agency, the move, if accepted well
dismantling old plants, over the next with a draft policy proposing repowering may lead to replacement of about 5 gw of
three to five years, says a report. The of old solar farms, which according to the old windmills with new wind power plants
wind power capacity has been stalling agency is a step in the right direction to with 2x more generation ability, because
since 2018 when solar power took off at increase wind power generation as this such projects can generate double-digit
a faster pace and between March 2018 can lead to lower open access tariffs. returns at tariffs of Rs 4 per unit for the
and December 2022, the net addition Repowering old windmills can potentially incremental capacity.

CONSTRUCTION VISION 60 AUGUST - SEPTEMBER 2023