Indian Power Sphere: ReNew Wind Power

Showing posts with label ReNew Wind Power. Show all posts

August 7, 2013

Wind Developers demands better grid before following to CERC's forecasting regulations...

wind forecasting

Wind power producers who were recently directed by the Central Electricity Regulatory Authority (CERC) to give day-ahead forecast for power generation have asked the Power Ministry to first resolve the issue of grid stability and build required transmission infrastructure for evacuation of wind power.

The Central Electricity Regulatory Commission has recently issued regulations to wind power producers to issue day-ahead forecast for wind power generation. There is penal action amounting to at least 15% of the revenues in case of incorrect predictions.

However, large nos of wind power producers have opposed the move.

Companies like, ReNew Wind Power and Tata Power have requested to the power ministry to develop better grid infrastructure and suggested that scheduling and forecasting mechanism should be instituted at a consolidated SLDC (State Loading Dispatch Centre) level instead of the level of the substation.

Independent Power Producer's Association of India has already filed for an injunction in the Delhi High Court against this decision. Indian Wind Power Association has also written to the CERC to postpone this decision, as wind farms are unable to proceed with forecasting and scheduling of wind power.

More literature on this...
http://economictimes.indiatimes.com/news/news-by-industry/energy/power/wind-power-producers-want-government-action-before-following-cerc-order/articleshow/21666642.cms

July 29, 2013

According to ReNew Wind Power the Wind forecasting regulation of CERC will hamper the countries wind energy market..

wind forecasting

ReNew Wind Power, Gurgaon based Wind Energy Developer, expressed its concerns over the recent directives of Central Electricity Regulatory Commission's (CERC) to impose penalty on the wind energy generators for not meeting their forecasted energy output with a band of (+)30% to (-)30%.

CERC has issued this order in the month of July-13 and will be applicable for the wind projects commissioned after May-2010. As per the order, wind projects having capacity of 10 MW or more will have to forecast their generation for the following day with 15 minutes interval. Penalties will be incurred if the forecasts are missed by more than 30%.

According to the officials of the company the level of accuracy being asked is not possible in case of wind energy projects. Further the amount of penalties in case of non-fulfillment may be as high as 15% of the revenue which will destroy the profitability of the project as well as the industry which has attracted around USD 10 Billion investments since 2011.

According to market sources, the internationally reputed wind forecasting consultants such as GL Garrad Hassan and AWS True Power are also not giving guarantee for the required precision.

The decision will mostly affects the large wind energy developers such as Tata Power, CLP India, Continuum Wind Energy etc including ReNew Wind Power.

Additional Reading...

http://www.livemint.com/Industry/lQBq1EnJSLj0TYK6J7PepO/Goldmans-ReNew-says-India-windforecast-rule-will-erase-pro.html

May 8, 2012

ReNew Wind Power commissions 25.2 MW Wind Project in Gujarat…

Renew Power India

Power India found that ReNew Wind Power (Mumbai based Independent Power Producer) has recently commissioned its first wind power project of 25.2 MW in Jasdan site, Rajkot, Gujarat.

A little brief on ReNew Wind Power:

ReNew Wind Power is founded by Mr. Sumant Sinha who was earlier the Chief Operating Officer CEO) of Suzlon Energy. (More info on Sumant Sinha)
It aims to become the leading renewable energy IPP in India by tapping the large wind and solar power potential in the country and creating a high quality and sustainable business.
The company also want to look at expanding its operations into alternative energy sources like biomass and hydro in diverse locations, for which it has built a highly qualified team with significant operating expertise who deeply understand the dynamics of the renewable business.
ReNew Wind Power, has secured an equity investment of up to Rs 1,000 crore from Goldman Sachs (NYSE: GS) on September 26, 2011, (Goldmand Sachs - a leading global investment bank and active investor in alternative energy/clean technology.) This was the largest investment in India’s renewable energy generation sector.

Something on Company’s Plans & Projects

Renew Wind Power plans to develop 1000 MW of Renewable Energy projects by 2015.
The first project is a Twenty Five MW project which is getting commissioned in February 2012 and is developed in the state of Gujarat.
75 MW of projects are getting commissioned in first half of FY13.
And another Two Hundred MW of additional projects are in pipeline which will be commissioned in rest of FY13.
The company is also acquiring land parcels with superior wind potential across various states in India with an intent to develop large number of MW by itself in the next couple of years.
The company has signed business framework agreements with Kenersys GmBH, Regen Powertech Pvt and Suzlon Energy Ltd. to establish and operate wind farms throughout India.

What about the 25.2 MW Project in Gujarat?

Site: Jasdan, Rajkot Dist. Gujarat
Turbines: 12 Wind Turbines of 2.1 MW each (Suzlon Make S88 Model)
EPC Contractor: Suzlon Energy Ltd
Total Investment: Around 140 Crs (unverified)
Power Purchase Agreement: Gujarat Urja Vikas Nigam Ltd (23.1 MW) Philips India (2.1 MW).
Financing: At 70:30 D:E Ration by PTC Indian Financial Sertices Ltd (An Investment Vehcile promoted by PTC India Ltd)

As said by Mr. Summant Sinha:

"With this project we further establish the vision of rapidly expanding our footprint in the growing Indian wind energy market. We at ReNew Power are confident of becoming one of the leading Renewable Energy producers in India,"

The project of ReNew Wind Power was inaugurated by Hon’ble Chief Minister of Gujarat, Mr. Narendra Modi on May 6, 2012

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