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January 4, 2022

Bannur Wind Park, India

By Carmen

Bannur Wind Park is a 78MW onshore wind power project. It is located in Karnataka, India. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in September 2017.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Onshore 78 78 Active Karnataka, India Acciona Energia

Description

The project was developed by Acciona Energia and is currently owned by Acciona Energia Internacional.

The project generates 242GWh electricity and supplies enough clean energy to power 224,000 households, offsetting 232,562t of carbon dioxide emissions (CO2) a year. The project cost is $90.402m.

The Concrete towers installed at the project site are 120m high.

Development Status

The project is currently active. The project got commissioned in September 2017.

Power Purchase Agreement

The power generated from the project is sold to Bangalore Electricity Supply under a power purchase agreement.

Contractors Involved

Nordex was selected as the turbine supplier for the wind power project. The company provided 26 units of AW-125/3000 turbines, each with 3MW nameplate capacity.

About Acciona Energia

ACCIONA Energia SA (Acciona) develops renewable energy projects. The Company constructs, operates, and maintains wind farm, photovoltaic, hydroelectric power, and biomass plants. Acciona Energia serves customers worldwide. Acciona is headquartered in Moraleja, Spain.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

Related Companies

Free Report
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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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