India: Leader in Wind Power
Thursday, April 27, 2006 Permanent link to this post
India's growth story, especially in Software and Telecom is well known. Here is a not so well known and very encouraging facet of Indian economy: India has substantial Wind Power generation capacity and its growing rapidly. India now has world's fourth largest wind power generation capacity. Look at the table below:
The most encouraging part is the really high growth rate. Having worked in India's power sector, I know how bad the power situation is in India and this is about the only good news in this industry.
Its interesting to note that Indian industry is taking a technology leadership role in Wind Power. Suzlon is scaling up fast and delivering integrated Wind Power projects in even US and Australia. Suzlon recently bought Hansen Transmissions in a $565 million deal that will see it emerge as one of largest integrated wind power companies in the world. Market seems to like Suzlon's moves - considering its amazing $8.4 billion valuation (making its owner Tulsi Tanti a billionaire by a distance). Suzlon now offers wind towers with 2 MW capacity each - thats huge!
I guess this is one of the positive offshoots of the recent oil price increase. As oil gets costly, alternate power generation sources will become more attractive. Wind power is one of the more viable technologies and I am happy to see India taking a lead in this space.
The most encouraging part is the really high growth rate. Having worked in India's power sector, I know how bad the power situation is in India and this is about the only good news in this industry.
Its interesting to note that Indian industry is taking a technology leadership role in Wind Power. Suzlon is scaling up fast and delivering integrated Wind Power projects in even US and Australia. Suzlon recently bought Hansen Transmissions in a $565 million deal that will see it emerge as one of largest integrated wind power companies in the world. Market seems to like Suzlon's moves - considering its amazing $8.4 billion valuation (making its owner Tulsi Tanti a billionaire by a distance). Suzlon now offers wind towers with 2 MW capacity each - thats huge!
I guess this is one of the positive offshoots of the recent oil price increase. As oil gets costly, alternate power generation sources will become more attractive. Wind power is one of the more viable technologies and I am happy to see India taking a lead in this space.
Labels: Alternative Energy, India, Wind Power
Therer are 5 Comments. Post a Comment
hi sanjeev,
greetings,
this is really nice of you on writing the wind power generation in india. we are NRI investment company and offers wind power generation projects to NRIs, your article surely reflects the interest shown by the investors in india and abroad. we would like to add few more points to your posts that Govt. of India offers 10 years tax holidays for the wind power generation earnings and also offers depreciation of 80% of the equipments in the first year of operation itself. wind power generation offers returns of 14%-20% per year.
it is really nice interacting with Doctoral research scholar in Michigan Business School.
keep writing on the topic and refer your friends and potential investors to invest in wind power generation in India and help their mother land India and its People to develop a little faster.
Thanks
regards
san
http://www.gmcwebsite.com
greetings,
this is really nice of you on writing the wind power generation in india. we are NRI investment company and offers wind power generation projects to NRIs, your article surely reflects the interest shown by the investors in india and abroad. we would like to add few more points to your posts that Govt. of India offers 10 years tax holidays for the wind power generation earnings and also offers depreciation of 80% of the equipments in the first year of operation itself. wind power generation offers returns of 14%-20% per year.
it is really nice interacting with Doctoral research scholar in Michigan Business School.
keep writing on the topic and refer your friends and potential investors to invest in wind power generation in India and help their mother land India and its People to develop a little faster.
Thanks
regards
san
http://www.gmcwebsite.com
Comment posted by 
: 11 July, 2006 07:20
: 11 July, 2006 07:20
Thanks Sanjeev, for discussing on a crucial topic like alternative power generation methods. I am surprised to know that our country has such huge wind power generation capacity and must utilize it in its favor to lead in this sector.
Is it so!!!! Quite interesting. With rapid technological development, now India is developing in different directions. It is nice to know that Indian industry is taking a leading role in wind power. In this price hike situation of the country as oil price is increasing day-by-day, it can be a solid alternate power generation source.
Hi Sanjeev,
As we know India is well-known for its growth in software and telecom sector but recently a new sector has added to this which is playing a great role in improving Indian economy. The tabular chart given here clearly shows the substantial wind power generation capacity of India with its growth rate. Now it is an emerging issue for Indian people. Thanks for discussing this topic.
As we know India is well-known for its growth in software and telecom sector but recently a new sector has added to this which is playing a great role in improving Indian economy. The tabular chart given here clearly shows the substantial wind power generation capacity of India with its growth rate. Now it is an emerging issue for Indian people. Thanks for discussing this topic.
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