Adani Enterprises has marked its entry into the wind energy segment by placing the company's first orders for wind turbine generators in a deal seen as giving a big boost to the wind power business in India.
Inox Wind has inked two contracts for a cumulative capacity of 70 MW with Adani Green Energy Ltd, a wholly owned subsidiary of Adani Enterprises Limited and part of the Adani Group.
The orders bagged by Inox Wind represent Adani Group's maiden foray into the wind energy segment and encompass a 50 MW turnkey project to be set up in Anantapur district in Andhra Pradesh and a 20 MW turnkey project at Inox Wind's Lahori site in Madhya Pradesh.
"We are delighted to partner with Adani in their endeavour to become leaders in renewable power technologies and in our joint commitment towards providing clean and green energy in India," said Kailash Tarachandani, Chief Executive Officer of Inox Wind Limited.
As part of the two turnkey orders, Inox Wind will deliver, install, and commission 35 units of Inox Wind's 100 rotor diameter turbines and has also been contracted to undertake operations and maintenance services of the projects for a multi year period, post commissioning.
The deal between Adani and Inox is seen as a boost for wind power in India at a time when the solar segment has suffered a setback.
"One way to look at it is a question on whether wind could be making a comeback at a time when solar is faltering financially, and India is facing WTO linked hurdles on local solar manufacture," said Amit Bhandari an energy and environment analyst at Gateway House, a Mumbai-based think-tank.
Other wind power projects point towards the healthy growth propsects of this renewable energy segment.
Torrent Power placed an order for 197.4 mw of windmills from Suzlon last month. Other recent Suzlon orders include a 48.3 MW deal from Indian Oil, 71.4 MW project from GIPCL.
"These are all orders from bona-fide commercial enterprises, which indicates a certain robustness in the business. Meanwhile, solar power developers are facing problems - SunEdison is close to bankruptcy. Bridge-to-India, a consultancy firm in renewable space has said that none of the solar projects in India which have offered electricity at sub Rs 5/unit have managed to close financing yet, and expects delays and cancellations in this space," Bhandari said.
_20240527192124_original_image_21.webp)
