RECs to help Indian wind grow by up to 15%, says Suzlon boss

Suzlon chairman Tulsi Tanti claims the Indian wind-energy market is set to grow by 10-15% this fiscal year, despite the end of the accelerated depreciation (AD) tax incentive and the generation-based incentive (GBI) schemes.

Tanti says India’s renewable energy certificate (REC) scheme is driving the market forward and attracting large numbers of independent power producers (IPPs) to the market.

He says 20 major IPPs – led by Suzlon clients Mytrah, Techno Electric, Green Infra, Renew Power and Greenko – have a combined project pipeline of around 15GW, which they aim to install during the next five years.

Driven by the REC framework, India’s market could soon reach a level of 3.5-4GW of installations per year, Tanti adds.

At the same time, Tanti claims that the Indian government is…

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