Wind Turbine Market in India & South East Asia Outlook Update- Q3 2020 August 2020 - Eninrac
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Quarterly Market Observatory Wind Turbine Market in India & South East Asia Outlook Update – Q3 2020 August 2020
The Eighty – 20
of Industry:
What Matters?
Share of Wind capacity in total renewable generation in Q2 2020 (%)
Leading Edge - India 1%
1%
21%
As India pushing for greater industrial self-sufficiency, Government plans to 136 MW Wind
Solar
withdraw customs duty concessions in phased manner for wind-turbine Only 136 Mw of Wind
Bio
components to encourage the use of local equipment capacity added in Q1 2020 77%
reduced by 82% as Small Hydro
Wind installations levels in India have significantly declined in first half of year compared to addition in Q2
2019.
2020 due to outbreak of Covid-19 crisis back in China. Consequently, the
outbreak has effected the supply chains that further inflicted the wind energy Source: eninrac consulting, CEA & Channel checks
segment in India. India installed only 136 MW of wind capacity in Q2 2020
which is well below the anticipated addition. Statistically, wind installation in Q2
2020 decline 82% compared to 743 MW in the same period last year, and a 28% Unlike the solar energy sector, 80-85% of
fall from 187 MW in the previous quarter (Q1 2020). Moreover, The government Major vital wind-turbine manufacturing takes place in
is likely to withdraw customs duty concessions for wind-turbine components to parts India. However, some vital parts such as gear
encourage the use of local equipment and reduce imports from China and other imported box, yaw components, blades for rotor, sub-
countries as India is pushing towards greater industrial self-sufficiency. Although, from China parts of such blades are imported, mostly
80-85% of wind-turbine manufacturing takes place in India unlike the solar from China.
energy sector, where about 90% of the modules come from China. However,
some vital parts for setting up wind power projects are imported, mostly from
China. Consequently, The import duty imposed on components varies widely
The removal of concessions will affect wind turbine manufacturers in
and the removal of concessions will affect manufacturers to different degrees. India. Consequently, With input costs going up, wind tariffs may also
be affected.The COVID-19 pandemic has impacted clean energy in South East Asia
Round Up Monitor – Region
South East Asia
Revenues from existing wind projects have proven largely resilient
to COVID-19 impacts; however, projects in the pipeline have Renewable Projects in pipeline have Wind energy project
experienced slowdowns due to supply chain disruption energy project experienced developers that were
revenues have slowdowns due to completing their
Recent policy changes and stepped-up efforts from policymakers proven to be the supply chain disruption, projects during this
have lifted growth rates for non-hydro renewables in the region. most resilient regulatory delays, pandemic have incurred
Thailand, an early mover on renewables in the region, saw nearly 5 generation source workforce issues & are additional costs and
GW of cumulative wind and solar installations by the end of 2019. due to first in the expected to rebound in delays that could affect
However, The COVID-19 pandemic has impacted clean energy in the merit order of 2021 project milestones
region which was already behind the renewable capacity addition dispatch
target. Revenues from existing wind projects have proven largely
resilient to COVID-19 impacts; however, projects in the pipeline have
experienced slowdowns due to supply chain disruption, regulatory Share of SEA Countries in % as on 2019
delays, and workforce issues. Many of these projects will be delayed Total Installed Capacity of
10.2% 6.4% Indonesia
Wind Power (GW) in South
but will come online and are expected to rebound in 2021. East Asia as on Dec 2019
Philippines
Moreover, energy project developers that were completing their 18.5%
2.31
projects during this pandemic may have incurred additional costs Thailand
and delays that could affect their anticipated returns or project 64.9%
Veitnam
milestones.
Source: NREL, eninrac consulting, Channel ChecksNumbers to Focus Key Features Deployment
Upon – Q2 2020 Expected Trends - Projects
Wind Power Installations in Second 01 Another Deadline Extension for
Quarter of CY 2020 Shrink by 82% YoY SECI’s 5 GW Tender
The Solar Energy Corporation of India (SECI)
Siemens Gamesa leads the way in has extended the bid submission deadline
India installed 136 MW of wind power projects India with the launch of its next for its tender to procure 5 GW of renewable
in the second quarter (Q2 2020) of the generation wind turbine power on a round-the-clock (RTC) basis
calendar year. This was a whopping 82% complemented with thermal power projects.
decline in installations compared to 743 MW in
the same period last year, and a 28% fall from The company continues to shape the
187 MW in the previous quarter (Q1 2020). market with this new generation wind 02 Sembcorp completes
turbine in the 3MW segment, which is 800MW of SECI wind power
specifically designed for the Indian winds. projects
Gujarat added 97% of the total wind The new SG 3.4-145 can operate at up to
3.6 MW with flexible rating strategy and Sembcorp Energy India Limited (SEIL),
installation in Q2 2020 in India announced the completion of its 800MW
delivers 48% more Annual Energy
Production (AEP). wind power projects awarded by the Solar
Energy Corporation of India (SECI).
Of the 136 MW of wind Wind capacity installed in Q2 2020 in India
power capacity added
03 Contracts awarded to support
during the quarter, Gujarat Gujarat
installed 132 MW, while 97% 4 projects in Vietnam’s emerging
Karnataka installed about 4 Western Region offshore wind sector
MW. These were the only
two states that added wind Southern Region AFRY has been awarded an owner's
capacity in the country 132 engineering services assignment for Tra Vinh
Rest of
during this period. India
Offshore Wind Farm, a 48 MW wind farm
3% project located in Tra Vinh Province,
Numbers in MW
Vietnam. AFRY will provide a full scope of
owner's engineering services for the
Source: MNRE, eninrac consulting
implementation phaseQUARTERLY MARKET
OBSERVATORY Quarterly Update
Wind power installed capacity is
expected to bounce back in Q3 2020
– Q3 CY 2020
1000
800
▪ The capacity additions rate at the
Capacity (mw)
600 beginning of 2020 was looking optimistic
400 with the industry gearing up to add more
capacities in FY 2020/21 but with
200 COVID19 impacting the entire world.
0 Athough, the recovery to business as
Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 usual is expected in Q3 2020.
Source: CEA, eninrac consulting
Key Investments – Key Trends – Key Signpost –
Q3 2020 Wind Turbine Market in Wind Turbine Market Q3
India Q3 2020 2020
▪ Renewable energy developer Greenko and analytics ▪ India’s Ministry of New and Renewable Energy has • India is looking at plans to end duty concessions
and engineering firm ONYX Insight announced they issued guidelines for round-the-clock supply of for turbine component imports in a bid to
have signed an agreement to modernise 500 wind electricity by bundling solar and thermal power. further ease reliance on China. The Indian
turbines. Under the new guidelines, power project developers government could start a phased withdrawal of
can sign power purchase agreements with the the concessions from 2021 and has started
discoms for 24×7 supply containing at least 51% talks with wind OEMs over the implications of
▪ Global wind turbine major Siemens Gamesa
renewable power the move. The import duty imposed on
Renewable Energy will start making the 3.4 MW
components varies widely and the removal of
wind turbine at its Indian plant in Tamil Nadu. The concessions will affect manufacturers to
new machine will be the highest capacity wind ▪ India's wind installation for 2020 likely to fall
different degrees. Moreover, With input costs
turbine in India will be manufactured at its Indian drastically. It is expected wind energy capacity India going up, tariffs may also be affected. The
plant in Tamil Nadu will add in 2020 to 1.95GW from an earlier forecast intent is to increase the current domestic
of 2.56GW due to the nation wide lockdown amidst manufacturing to 95%.
the Covid-19 crisisQUARTERLY MARKET
OBSERVATORY
Wind Turbine Market in India &
Contents & Coverage – South East Asia Outlook Update –
Q3 2020
Q3 2020
01 This Quarter 02 Key Features 03 Leading Edge
The section shall showcases the major Key features shall cover the major The current affairs leading business impacts
highlights for wind turbine segment in strengths and development map on Wind turbine market with insightful data
India and South East Asia including that the industry has shown over analytics & our exclusive “Knowledge Grid”
investments, project developments, the quarter feeds covered in the section. Our analyst's
policy & regulatory interface, M&A etc. viewpoints with sharp edged objectives shall
be central to the section
05 The Eighty - 20 of Industry –
04 Numbers to Learn 06 Key Signposts
What Matters?
All wind power capacity additions with a split In this section the major factors which are The business factors which shall govern the
on ownership wise, & state wise break up shall acting as the growth catalysts / barriers in course of coming quarters of business and the
be included. Moreover, the numbers for deals the Wind turbine segment are industry response to the changes shall be the
secured by wind turbine manufacturers in India highlighted inclusive of policies, focus area of this segment
as well as South East Asian countries regulations etc.
08 Technology & 09 Industry Activities &
07 Deployment Trends Price Trends Corporate Strategies
The pace of deployment of projects at wind This section shall cover all the latest All the industry order track & merger’s and
turbine manufacturers levels covering issues technology implementation and trends, acquisition activities shall be tracked. Fresh
like investments, tenders and capacity price benchmarks of wind turbines in investments in wind turbine sector as per
additions shall form part of this section India and South Asia players profiles shall also be tracked in this
sectionQUARTERLY MARKET
OBSERVATORY
Wind Turbine Market in India &
Must South East Asia Outlook Update –
Q3 2020
Buy For
Companies
▪ Power Transmission Utilities
▪ Power Distribution Utilities (DISCOMs) Mentioned
▪ Original Equipment Manufacturers
▪ Power Traders
▪ Banks/Financial Institutions/Project Financing Agencies
▪ General Electric
▪ EPC Service Providers
▪ Vestas India
▪ Consultants
▪ Suzlon
▪ Research Firms/Research Institutions
▪ Inox Wind
▪ Regulatory Bodies
▪ Wind World
▪ Government Agencies
▪ Indowind Energy Limited
▪ Siemens Gamesa
▪ Envision Energy
For ▪ Acciona Nordex
Queries ▪ ReNew Power
▪ Regen Powertech Pvt. Ltd.
▪ Enercon India Pvt. Ltd.
Research : Write to: connect@eninrac.com and
alternatively you may reach our consultant at
▪ Orient Green Power Ltd.
sumit.sethi@eninrac.com ▪ Enel Green Power India Pvt Ltd
▪ Senvion India Pvt Ltd
Sales: Write to sales@eninrac.com for more ▪ Continuum Wind Energy India Pvt Ltd
information ▪ Hero Future Energies Pvt Ltd
Please call at +91 120 – 4147 000 for any other
▪ Indian Wind Turbine Manufacturers Association
queriesThe life of a man consists not in seeing
visions and in dreaming dreams, but in
active charity and in willing service
- Henry Wadsworth Longfellow
Become a Client I Contact Us I
Contact – Head Office Contact – NCR Office Contact – Mumbai Office
Address : 7th Floor, I-Thum Address : 4th Floor Duru House,
Address : 5th floor, Caddie
Towers, Noida, NCR Region, Juhu, Opposite JW Marriott,
Commercial Tower, Aerocity
Uttar Pradesh, India Mumbai, Maharashtra
(DIAL), New Delhi - 110037
connect@eninrac.com +91 120 4147 000 www.eninrac.com
© eninrac consulting private limited 2020You can also read
