Cooler times await wind power equipment firms over Centre's backing

Changes with new auction system, and backing of central government, have led to increased order flow

With clarity on the wind energy auction pipeline and ratification of power purchase agreements (PPAs) helping improve their order book, renewable energy (RE) firms, especially wind power equipment makers, are attracting the attention of analysts and investors.

The domestic market is on a growth path in the competitive bidding regime and there is higher demand for clean energy, now considered reliable, affordable and a mainstream source.

Interestingly, even as the price is recovering, the internal rate of return (IRR) for RE producers is seeing downside pressure; yet, companies are positive. For instance, after seeing a decline, prices of wind power have started