Tagguparthi_ITC Wind Farm, India

Tagguparthi_ITC Wind Farm is a 46MW onshore wind power project. It is located in Andhra Pradesh, India. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in June 2014.

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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	46	46	–	Active	Andhra Pradesh, India	ITC

Description

The project is developed and owned by ITC.

The project cost is $65.274m.

Development Status

The project is currently active. The project got commissioned in June 2014.

Contractors Involved

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

Siemens Gamesa Renewable Energy was selected as the turbine supplier for the wind power project. The company provided 23 units of G97-2.0 MW turbines, each with 2MW nameplate capacity.

Siemens Gamesa Renewable Energy is the O&M contractor for the wind power project.

About ITC

ITC Ltd (ITC) is an India-based diversified conglomerate. The company is involved in the business of fast-moving consumer goods, hotels, paperboards and specialty papers, packaging, agri-business, and information technology. The company’s product portfolio includes cigarettes and leaf tobacco, foods, personal care, stationery goods, safety matches, incense sticks (agarbattis), paperboards and packaging materials, specialty papers, and agri commodities. Its major brands include Aashirvaad, Sunfeast, Yippee!, Bingo, Wills Lifestyle, John Players, Gold Flake, Classmate, Essenza Di Wills, Fiama, Vivel, Mangaldeep, Aim, and i Kno. The company operates across North America, Europe, and South-East Asian countries. ITC is headquartered in Kolkata, West Bengal, 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.