Wind energy to decline in current fiscal : ICRA

Q.  Fresh capacity addition by wind power may decline to 2500 MW against 3415 MW in the previous fiscal due to challenges in which two states, ICRA reported?
- Published on 31 May 16

a. Madhya Pradesh and Chattisgarh
b. Madhya Pradesh and Maharashtra
c. Madhya Pradesh and Rajasthan
d. Madhya Pradesh and Uttar Pradesh

ANSWER: Madhya Pradesh and Maharashtra
 
New capacity addition by the wind power sector may decline to 2500 MW in current fiscal as against 3415 MW in the previous fiscal on account of challenges faced by segments in MP and Maharashtra, rating agency ICRA indicated on May 30.
  • Long term outlook for the wind sector remained strong given favourable government support and large and untapped wind power potential.
  • Wind energy sector is facing challenges of slowdown following signing of fresh PPAs and reported delays in payments by state owned utility.
  • Headwinds could lead to a decline in fresh capacity addition to 2500 MW in the wind energy sector in FY2017.
  • In FY2016, the wind power sector witnessed a record capacity addition of 3415 MW, an increase of 48 percent over the capacity addition of 2,308 MW achieved during FY2015.

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