15-Feb-2022 | Market Research Store

Siemens Gamesa announced recently that it has received the order from Ayana Renewable for 302 megawatts (MW) of wind turbines. The financial terms of the transaction were not revealed. Ayana managed to win the proposal, which is set to be completed in 2023, in the Solar Energy Corporation of India's (SECI) tenth bid portion in March 2021, when the minimum tariff of Rupees 2.78 per unit was revealed. Ayana Renewable Power is supported by shareholders such as the CDC of the United Kingdom and the National Investment & Infrastructure Fund of the United Kingdom.

Siemens Gamesa's manufacturing facilities in India will deliver turbines for this venture. The firm, which has been in the nation since 2009, has one blade factory in Andhra Pradesh, Nellore, and another in Chennai, Tamil Nadu. It also has a facility in Chennai for maintenance and operation.

Ayana Renewable Will Receive 302 MW Wind Turbines From Siemens Gamesa.

Since February 2017, SECI has managed to hold eleven converse auctions for wind energy. The largest tariff of Rupees 3.46/unit was revealed in the first auction, and the minimum tariff of Rupees 2.44/unit was unearthed in the third quarter in February 2018.

The nation has set a goal of increasing the potential of implemented renewable energy production plants from 100 Gigawatts to 450 Gigawatts by 2030. Presently, solar energy has become the main factor of renewable energy infrastructural development, growing its percentage of the aggregate green mix to around 47 percent, outpacing wind energy capacity in Fiscal 2021.

According to experts, the wind energy market may not be a major driver in the near term owing to the broadening tariff gap between wind and solar power. Solar prices have dropped to a historic low of Rupees 1.99/unit in Dec. 2020. With soaring solar module price levels, which account for roughly 60 percent of overall project spending for solar power plants, tariffs in the latest solar bids have been around Rupees 2.20/unit.