My View:
Inox wind is continuously getting the projects which is good for the firm. It will help the company to get more amount of projects. Wind Power as a segment is facing slowdown in recent years. Lets hope the policies and regulation help the sector to have faster pace. The target by the government is 60 GW by 2022 in India.
News:
Noida based Inox Wind today announced it has won repeat orders for two 20 MW wind power projects in Gujarat.
Inox Wind will provide end-to-end solutions from development and construction to commissioning as part of the turnkey project for Malpani Group, according to the company statement sent to Bombay Stock Exchange (BSE) .
"Inox Wind Ltd has bagged repeat orders from D J Malpani for two wind power projects of 20 MW each in the state of Gujarat. The two orders are scheduled to be commissioned by March 2017," added the company statement.
Inox has also been contracted to undertake operations and maintenance services of the projects for a multi-year period, post commissioning.
The orders involves supply and installation of 20 units of Inox Wind's 113 meter rotor diameter Wind Turbine Generator.
Malpani Group is a diversified business house with presence in renewable energy, FMCG products and real estate.
The main functions assigned to NLDC are:
- Supervision over the Regional Load Despatch Centres.
- Scheduling and dispatch of electricity over the inter-regional links in accordance with grid standards specified by the authority and grid code specified by Central Commission in coordination with Regional Load Despatch Centres.
- Coordination with Regional Load Despatch Centres for achieving maximum economy and efficiency in the operation of National Grid.
- Monitoring of operations and grid security of the National Grid.
- Supervision and control over the inter-regional links as may be required for ensuring stability of the power system under its control.
- Coordination with Regional Power Committees for regional outage schedule in the national perspective to ensure optimal utilization of power resources.
- Coordination with Regional Load Despatch Centres for the energy accounting of inter-regional exchange of power.
- Coordination for restoration of synchronous operation of national grid with Regional Load Despatch Centres.
- Coordination for trans-national exchange of power.
- Providing Operational feedback for national grid planning to the Authority and Central Transmission Utility.
- Levy and collection of such fee and charges from the generating companies or licensees involved in the power system, as may be specified by the Central Commission.
- Dissemination of information relating to operations of transmission system in accordance with directions or regulations issued by Central Government from time to time.
Taking serious cognizance of some states curtailing power generation from solar projects, Union Power Minister Piyush Goyal today said his ministry is looking into how mandatory electricity production from renewable sources can be enforced.
"I have come across this issue wherein certain states are resorting to curtailing generation from solar projects and instead buying cheaper power from the exchanges.
"We are finding a solution whereby anybody who does not fulfil the 'must run' status, what can be done to either enforce that or penalise them (states)," Goyal told reporters on the sidelines of an IEEMA event.
Some states including Tamil Nadu and Rajasthan have issued directives to curtail power generation from solar projects. Both the states backed down their commitment towards green power sources, claiming that they have already made provisions for it.
Power producers' body Independent Power Producers Association of India (IPPAI) had raised concerns that such decisions were affecting the generators. The government has set an ambitious target of 175 GW of power from renewable energy sources, with 100 GW from solar alone.
My View:
As we know that Rajasthan and Tamil Nadu being a renewable rich state in the country. Curtailing renewable generation can be due to:
A) To avoid instability in grid.
B) To avoid expensive power.
The Govt. should impose stringent penalties, then only states will follow. The real example can be seen from fulfillment of RPO by states, where we can see that some states are still not fulfilling RPO.
German wind turbines maker Senvion is not expecting to be part of any large-scale consolidation within the industry, preferring to focus on internal growth and possibly some further small acquisitions, its chief executive said on Wednesday.
Some 84 percent of Senvion's sales come from onshore wind turbines. It is also the world's third-largest maker of offshore wind turbines, behind Siemens and MHI Vestas, a joint venture between Japan's Mitsubishi Heavy Industries and Denmark's Vestas.
Aiming to cut costs by increasing global scale, Senvion's local rival Nordex earlier this year took over the wind turbines business of Spain's Acciona, while Siemens and Gamesa are forging the industry's largest player.
"Big tie-ups need to pay off. At the moment, I don't see any product offering that would cause us to take such a step," Juergen Geissinger, Senvion's chief executive since last December, told Reuters at a wind power industry conference.
"Smaller acquisitions, like the one we recently did in India, are always on our mind though."
Senvion, which listed its shares in March, last month announced the purchase of the Indian wind power business Kenersys India Private Ltd, including a production facility of about 250 megawatts (MW), to take it into one of the industry's most promising markets.
"The Indian market has an annual volume of 4-5 gigawatts (GW). That makes it bigger than Germany," said Geissinger, who was chief executive of German car parts maker Schaeffler until 2013.
He said Senvion also hoped to benefit from an expected surge in orders in the United States in the fourth quarter, as wind farm developers seek to take advantage of key tax credits before they are phased out next year.
Senvion already has 1 GW of installed capacity in the United States but no local production. "Whether we will set up local production obviously depends on order backlog. That starts to make sense from about 1 GW."
Geissinger also reaffirmed Senvion's forecast for sales this year of 2.25-2.3 billion euros ($2.52-2.57 billion) and an adjusted margin on earnings before interest, tax, depreciation and amortisation of about 9.5 percent.
My View:
Senvion being one of the top company in wind sector. They are not planning now to be more agressive in acquisition. I think they are learning from big firm like sunedision which failed miserably. Wind segment in India is now at backfoot as the new story is now solar. However still in renewable energy in India,the wind power sttill holds first place.
