Wind sector pick up eighteen months away

India added 1.8 GW of wind capacity in FY 2018 (down 67% over FY 2017). We estimate that capacity addition will further slow down to about 1 GW per annum over the next two years before picking up again. The slowdown is largely a result of the sector moving abruptly from FIT-based allocation to auctions. Tariff fell to INR 3.46/ kWh, as compared to prevalent FITs of INR 4.00-6.00/ kWh, in first reverse auction in February 2017…

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