Wind energy charts new course with policy clarity, new bidding model

Buffeted by ten years of policy flip flops, the sector is hoping a new bidding model will introduce a breath of fresh air

The crises that buffeted the wind energy sector for the past 10 years have becalmed the industry today. Sudden policy changes and the unexpected abolition of tax benefits have not only impacted capacity addition but also led to a churn in the market with smaller players selling out and foreign wind turbine makers shutting shop. Now, in an effort to put the wind back in the sails of the industry, the government has come up with another bidding model, which has raised some faint hopes.

But the trajectory of the wind energy sector in India so far has been stormy.