India Renewables Report Q2 2016
BMI View: Solar capacity will register the fastest growth rates over our 10-year forecast period anddominate the project pipeline. The ongoing sector and country-specific risks, such as the land acquisitionbill, T&D bottlenecks and business environment hurdles threaten project realisation. Countries that haverecently formed trade links with India, such as UK and US, will continue to play a key role in thecompetitive landscape.
Latest Updates And Structural Trends
The Asian Development Bank is providing a USD6mn loan to help fund the installation of 75,000 offgridsolar systems in India - via Simpa Energy India. Mobile phones will used to set up payment plans forthe systems.
Inox Wind commissioned a 170MW wind farm in Ratlam District, Madhya Pradesh in February 2016, forrenewable energy group Continuum Wind Energy. The two firms are holding advanced talks regardingmore orders in future.
In January 2016, it was announced that EDF Énergies Nouvelles has acquired a 50% stake in Indian windpower company SITAC Wind Management and Development. The venture plans to install 142MW ofwind capacity in the country in 2016.
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