Acciona Bullish on Indian Wind Energy Sector, Commissions 56-MW Project
June 4th, 2012 by Mridul Chadha
Spanish wind energy giant Acciona recently announced the commissioning of its largest project in India. The company inaugurated a 56-MW wind project in India’s southern state of Karnataka. With the commissioning of this project, Acconia’s total wind generation capacity in India has reached 85 MW. The company plans to commission many more projects soon.
The project is expected to generated over 1,320,000 MWh of electricity each year and offset about 129,000 tonnes of carbon emissions each year. The electricity generated by the project is enough to power about 35,000 Indian homes.
Acciona has included its three operational wind parks in India under the Clean Development Mechanism (CDM) envisaged in the Kyoto Protocol against climate change, which guarantees the economic viability of projects through the trading of emission rights derived from renewable generation.
The company has several wind projects under various stages of development and plans to become the largest Spanish company in India’s wind energy sector, which has attracted several international companies in the past few years. India’s wind energy capacity has increased consistently in this time and continues to dominate other renewable energy technologies with a 70% share in the installed renewable energy capacity.
Large institutional investors, private investors, and energy companies have shown tremendous interest in the Indian wind energy sector over the past few months, and even though the government has repealed some of the incentives, Indian wind energy companies have attracted millions of dollars just in recent months. Many new wind energy companies have been launched with ambitious capacity addition targets and the established ones are planning to expand their existing capacities.
Image: Leaflet | Wikimedia Commons
The views presented in the above article are author’s personal views only
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About the Author
Mridul Chadha currently works as Head-News & Data at Climate Connect Limited, a market research and analytics firm in the renewable energy and carbon markets domain. He earned his Master’s in Technology degree from The Energy & Resources Institute in Renewable Energy Engineering and Management. He also has a bachelor’s degree in Environmental Engineering. Mridul has a keen interest in renewable energy sector in India and emerging carbon markets like China and Australia.
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