MO MORE POWER TO WIND

The government gove is providing a shot in th the arm to the wind energy industry, which is battling dipping prices and an low demand. The Solar Energy Corporation C of India (SECI), a PSU that tha promotes renewable energy, w will be coming up with three mo more rounds of bids for wind energy ene farms, each offering 1,500 MW MW. Domestic equipment manufacturing manufact firms, smarting from layoffs, layo are likely to benefit from the a additional 4,500 MW. Unlike solar, so in wind, much of the manufacturing manufact is done within the country. Therefore, T wind power companies companie will be in a position to match the falling prices. The problem began when a February bid invite by SECI brought about a price war. wa By October, the tariff fell to ` 2.64 2.6 per unit and manufacturers facturers feared extinction. This move by the t Ministry of New and Renewable Renewab Energy may improve the industry’s indus prospects.