Siemens Gamesa Renewable Energy, the second biggest manufacturer of wind turbines in the world, expects India to add between 7,000 and 10,000 megawatt (MW) of wind energy capacity in 2021, its global chief executive said, despite a slump in projects over the last two years.
In early 2017, India transitioned from a feed-in tariff regime (where tariffs were set by the power regulator) to a reverse auction regime. The transition, however, took time and not enough auctions were held, leading to a fall in new projects.
German conglomerate Siemens and Spanish wind power producer Gamesa merged their wind businesses two years ago to form Siemens Gamesa Renewable Energy, but the merger coincided with the new tariff regime in India, and new installations that year, at around 260 MW, were modest.
In 2018-19, however, projects worth 10,000 MW were auctioned by the Solar Corporation of India (SECI), with strong participation by wind developers. Solar Energy Corporation of India (SECI) is the ministry of new and renewable energy's nodal agency for conducting wind and solar auctions.
Siemens Gamesa, which only trails Denmark's Vestas among global wind power companies, recently installed India's first solar-wind hybrid project of 78.8 MW in Karnataka.
Tacke also said wind tariffs had stabilized, and were not likely to fall further. The latest wind power auction held by SECI in February saw tariffs in the range of Rs 2.82 per unit. “Rs 2.80 per unit is not a bad number,” he said. “In the end, the industry needs to have funds to keep developing better technology.”

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