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  1. Market Data
November 26, 2021

Gadhsisa Wind Farm, India

By Carmen

Gadhsisa Wind Farm is a 300MW onshore wind power project. It is located in Gujarat, India. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in March 2021.

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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
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Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Onshore 300 300 Active Gujarat, India ReNew Power

Description

The project is developed and owned by ReNew Power.

The project supplies enough clean energy to power 1,100,000 households. The project cost is $314.07m.

The project has 130m high towers.

Development Status

The project is currently active. The project got commissioned in March 2021.

Power Purchase Agreement

The power generated from the project is sold to Solar Energy Corporation of India under a power purchase agreement. The power is sold at the rate of $0.038kWh for a period of 25 years. The contracted capacity is 300MW.

Contractors Involved

GE Renewable Energy was selected to render EPC services for the wind power project.

GE Renewable Energy was selected as the turbine supplier for the wind power project. The company provided 120 units of GE-2.5-132 turbines, each with 2.5MW nameplate capacity.

GE Renewable Energy is the O&M contractor for the wind power project for a period of 10 years.

About ReNew Power

ReNew Power Pvt Ltd (ReNew Power) is an independent power producer that generates electricity from solar and wind sources. The company owns and operates utility-scale and roof top solar plants, and wind farms. It sells energy to state electricity boards and industrial customers. The company also has interests in various clean energy projects in commissioned and under-construction phases. It offers energy through commissioned and under-construction clean energy assets. This unicorn company holds solar plants and wind farms in Maharashtra, Madhya Pradesh, Gujarat, Rajasthan, Karnataka, and Haryana, in India. ReNew Power is headquartered in Gurugram, Haryana, India

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

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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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