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BMI View: India will be a global renewables outperformer over our 10-year
forecast period, with nonhydro renewables capacity to more than triple from 2015
to 2025. Ongoing government support, strong investor interest and advantageous
natural conditions will drive growth in the industry, particularly in the solar
Latest Updates And Structural Trends
-In July, Suzlon Energy won an order from an IPP for a 58.8MW wind power project
in Madhya Pradesh. Suzlon will supply wind turbines, build, commission, operate,
maintain and service the project for 12 years. The plant is expected to be
commissioned by March 2017.
-It was announced in June National Hydroelectric Power Corporation (NHPC) plans
to build a 600MW solar power project at Koyna hydropower complex in Maharashtra.
The company is reportedly reviewing the feasibility and financial viability
study for the project. It plans to install floating solar panels with a pumped