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Wind-Energy Is India’s Next Big Project

Wind-Energy Is India’s Next Big Project

With scientists sounding the alarm on the world’s dwindling oil reserves, more countries are turning to renewable energy to cut back on emissions and potentially make savings. With India’s energy demand hitting approximately 701 mtoe (tons of oil equivalent) in 2015, and an expected growth by 129% in 2035, India is looking to bring wind-energy back to the market.

Last week, the government announced that a single unit fell to Rs 2.43, which is the lowest unit tariff India has seen in recent years. States like Tamil Nedu have also begun to hold auctions, the first of which yielded a tariff of Rs 3.42 per unit and the second of which yielded a tariff of Rs. 2.64. read more →

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