India Wind Energy Market Analysis and Forecasts to 2013

Table of Contents

1 Table of Contents 2
1.1 List of Tables 8
1.2 List of Figures 11
2 Executive Summary 12
2.1 Introduction to Renewable Energy 12
2.2 India Renewable Power Market 14
2.3 India Renewable Power Market, Historical Cumulative Installed Capacity, 2001-08 15
2.4 India Renewable Power Market, Cumulative Installed Capacity Split by Renewable Type, 2008 16
2.5 India Renewable Power Market, Historical Cumulative Installed Capacity by Renewable Type, 2001-08 17
2.6 India Wind Market 18
2.7 India Wind Market, Historical and Forecast Cumulative Installed Capacity Share Comparison with Asia Pacific and World Wind Power Market, 2001-13 20
3 India Wind Market, Total Market Analysis 22
3.1 India Wind Market, Market Dynamics 22
3.2 India Wind Market, Infrastructure Analysis 24
3.3 India Wind Market, Supply Chain Analysis 24
3.4 India Wind Market, Human Resources Analysis 25
3.5 India Wind Market, Offshore Development 25
3.6 India Wind Market, Capital Expenditure Split for Wind Farms, 2008 26
3.7 India Wind Market, Historical Average Wind Turbine Size, 2001-08 26
3.8 India Wind Market, Annual Installed Capacity Split by Power Range of Turbines, 2008 27
4 India Wind Market, Historical and Forecast Statistics, 2001-08 29
4.1 India Wind Market, Historical and Forecast Installed Capacity, 2001-2013 29
4.2 India Wind Market, Historical and Forecast Cumulative Power Generation, GWh, 2001-2013 30
4.3 India Wind Market, Historical and Forecast Cumulative Carbon Savings, 2001-13 31
4.4 India Wind Market, Historical and Forecast Cumulative Average Number of Homes Powered, 2001-13 32
5 India Wind Market, Regional Share by Installed Capacity 34
5.1 India Wind Market, Cumulative Installed Capacity Split by States, 2008 34
5.2 India Wind Market, Under Construction Capacity Split by States 36
6 India Wind Market, Turbine Manufacturer Share by Installed Capacity 38
6.1 India Wind Market, Historical Annual Installed Capacity Split by Turbine Manufacturers, 2003-08 38
6.2 India Wind Market, Under Construction Capacity Split by Turbine Manufacturers, 2008 40
7 India Wind Market, Equipment Revenues 42
7.1 India Wind Turbine Market, Historical and Forecast Revenues, 2003-13 42
7.2 India Wind Turbine Gearbox Market, Historical and Forecast Revenues, 2003-13 43
8 India Wind Market, Key Assets 45
8.1 India Wind Farm Market, Top 15 Active Wind Farms 45
8.2 India Wind Market, Top 15 Planned/ Under Construction Wind Farms 46
9 India Wind Regulatory Framework 47
9.1 Central Government Incentives 47
9.2 State Government Policies 49
9.3 Role of Government Bodies 51
9.4 Financing Guidelines for Wind Energy Projects 52
9.5 Foreign Investment Policy 53
9.6 Regulatory Issues 54
10 Suzlon Energy Limited, Company Snapshot 56
10.1 Key Information 56
10.2 Company Overview 56
10.3 Business Description 56
10.4 Major Products and Services 61
10.5 History 62
10.6 SWOT Analysis 69
10.7 Competitors 76
10.8 Key Employees 77
10.9 Key Employee Biographies 77
10.10 Company Statement 78
10.11 Locations and Subsidiaries 83
11 Enercon GmbH ,Company Snapshot 86
11.1 Key Information 86
11.2 Company Overview 86
11.3 Business Description 86
11.4 Major Products and Services 87
11.5 History 88
11.6 SWOT Analysis 90
11.7 Competitors 97
11.8 Key Employees 97
11.9 Locations and Subsidiaries 97
12 Vestas Wind Systems A/S, Company Snapshot 100
12.1 Key Information 100
12.2 Company Overview 100
12.3 Industry Outlook 100
12.4 SWOT Snapshot 101
12.5 Business Description 101
12.6 Major Products and Services 104
12.7 History 105
12.8 Business Strategy 110
12.9 SWOT Analysis 113
12.10 Competitors 118
12.11 Revenue Analysis 118
12.12 Key Employees 120
12.13 Key Employee Biographies 120
12.14 Company Statement 122
12.15 Locations and Subsidiaries 124
13 RRB Energy Ltd.,Company Overview 126
13.1 Key Information 126
13.2 Financial Performance 126
13.3 Major Products and Services 126
13.4 Competitors 127
13.5 Key Employees 127
13.6 Locations and Subsidiaries 127
14 MSPL Limited., Company Overview 128
14.1 Key Information 128
14.2 Major Products and Services 128
14.3 Competitors 129
14.4 Key Employees 129
14.5 Locations and Subsidiaries 130
15 Indowind Energy Limited, Company Overview 131
15.1 Key Information 131
15.2 Financial Performance 131
15.3 Major Products and Services 131
15.4 Competitors 132
15.5 Key Employees 132
15.6 Locations and Subsidiaries 132
16 NEPC India Limited ,Company Snapshot 134
16.1 Key Information 134
16.2 Company Overview 134
16.3 Business Description 134
16.4 Major Products and Services 135
16.5 History 136
16.6 Competitors 138
16.7 Key Employees 138
16.8 Key Employee Biographies 138
16.9 Locations and Subsidiaries 139
17 GE Energy, Company Snapshot 141
17.1 Key Information 141
17.2 Company Overview 141
17.3 Industry Outlook 141
17.4 Business Description 142
17.5 Major Products and Services 143
17.6 History 146
17.7 SWOT Analysis 152
17.8 Competitors 160
17.9 Key Employees 160
17.10 Key Employee Biographies 161
17.11 Company Statement 161
17.12 Locations and Subsidiaries 162
18 Financial Deals Landscape 163
18.1 Detailed Deal Summary 163
19 Recent Developments 181
19.1 New Projects 181
19.2 New Contracts 186
19.3 Operations Updates 189
19.4 Financial Announcements 192
19.5 Strategy and Business Planning 206
19.6 Government and Public Interest 216
19.7 Other Significant Developments 234
20 Appendix 242
20.1 About Alternative Energy eTrack 242
20.2 Methodology 242
20.3 Contact Us 244
20.4 Disclaimer 244

1.1 List of Tables
Table 1: Global CO2 Emissions, Million Metric Tons, 1970-08 17
Table 2: The Global Projected Energy Demand, Mtoe, 1980-30 18
Table 3: India Power Market, Cumulative Power Generation Capacity by Energy Source, %, 2008 19
Table 4: India Renewable Power Market, Historical Cumulative Installed Capacity (Including Hydro), MW, 2001-08 20
Table 5: India Renewable Power Market, Cumulative Installed Capacity Split by Renewable Type, %, 2008 21
Table 6: India Renewable Power Market, Historical Cumulative Installed Capacity by Renewable Type, MW, 2001-08 22
Table 7: Asia Pacific Wind Power Market, Cumulative Installed Capacity Split by Regions, %, 2008 23
Table 8: Asia Pacific Wind Power Market, Cumulative Installed Capacity Split by Regions, MW, 2008 24
Table 9: India Wind Market, Share in Historical and Forecast Cumulative Installed Capacity in Asia Pacific and Global Wind Markets, %, 2001-13 25
Table 10: India Wind Market, Feed in Tariffs by States, INR/kWh, 2008 27
Table 11: India Wind Market, Capital Expenditure Split for Wind Farms, %, 2008 30
Table 12: India Wind Market, Historical Average Turbine Size , MW, 2001-08 31
Table 13: India Wind Market, Annual Installed Capacity Split by Power Range of Turbines, %, 2008 32
Table 14: India Wind Market, Historical and Forecast Installed Capacity, MW, 2001-2013 34
Table 15: India Wind Market, Historical Cumulative Power Generation, GWh, 2001-2013 35
Table 16: India Wind Market, Historical and Forecast Cumulative Carbon Savings, Million Tons, 2001-13 36
Table 17: India Wind Market, Historical and Forecast Cumulative Average Number of Homes Powered, ‘000, 2001-13 37
Table 18: India Wind Market, Cumulative Installed Capacity Split by States, %, 2008 39
Table 19: India Wind Market, Cumulative Installed Capacity Split by States, MW, 2008 40
Table 20: India Wind Market, Under Construction Capacity Split by States, % 41
Table 21: India Wind Market, Under Construction Capacity Split by States, MW 41
Table 22: India Wind Market, Historical Annual Installed Capacity Split by Turbine Manufacturers, MW, 2003-2008 43
Table 23: India Wind Market, Historical Annual Installed Capacity Split by Turbine Manufacturers, %, 2003-2008 44
Table 24: India Wind Market, Under Construction Capacity Split by Turbine Manufacturers, %, 2008 45
Table 25: India Wind Turbine Market, Historical and Forecast Revenues, US$ Million, 2003-2013 46
Table 26: India Wind Turbine Gearbox Market, Historical and Forecast Revenues, US$ Million, 2003-2013 48
Table 27: India Wind Market, Top 15 Active Wind Farms, 2008 49
Table 28: India Wind Market, Top 15 Upcoming Windfarms 50
Table 29: India, Custom Duty for Wind Energy Equipments and Components 51
Table 30: India, Policies Introduced / Incentives Declared by the State Governments for Private Sector Wind Projects 53
Table 31: India, Policies Introduced / Incentives Declared by the State Governments for Private Sector Wind Projects (Contd) 54
Table 32: India, Indian Renewable Energy Development Agency Financing Guidelines for Wind Energy Projects 56
Table 33: Suzlon Energy Limited, Key Facts 60
Table 34: Suzlon Energy Limited, SWOT Analysis 73
Table 35: Suzlon Energy Limited, Key Employees 81
Table 36: Suzlon Energy Limited, Other Locations 88
Table 37: Suzlon Energy Limited, Subsidiaries 89
Table 38: Enercon GmbH, Key Facts 90
Table 39: Enercon GmbH, SWOT Analysis 94
Table 40: Enercon GmbH, Key Employees 101
Table 41: Enercon GmbH, Other Locations 102
Table 42: Enercon GmbH, Subsidiaries 103
Table 43: Vestas Wind Systems A/S, Key Facts 104
Table 44: Vestas Wind Systems A/S, SWOT Analysis 117
Table 45: Vestas Wind Systems A/S, Revenue by Segment, Euro Million, 2003-07 122
Table 46: Vestas Wind Systems A/S, Revenue by Geography, Euro Million, 2003-07 123
Table 47: Vestas Wind Systems A/S, Key Employees 124
Table 48: Vestas Wind Systems A/S, Other Locations 128
Table 49: Vestas Wind Systems A/S, Subsidiaries 129
Table 50: RRB Energy Ltd., Key Facts 130
Table 51: RRB Energy Ltd., Key Employees 131
Table 52: MSPL Limited., Key Facts 132
Table 53: MSPL Limited., Key Employees 133
Table 54: MSPL Limited., Other Locations 134
Table 55: Indowind Energy Limited, Key Facts 135
Table 56: Indowind Energy Limited, Key Employees 136
Table 57: Indowind Energy Limited, Other Locations 137
Table 58: NEPC India Limited, Key Facts 138
Table 59: NEPC India Limited, Key Employees 142
Table 60: NEPC India Limited, Other Locations 143
Table 61: NEPC India Limited, Subsidiaries 144
Table 62: GE Energy, Key Facts 145
Table 63: GE Energy, SWOT Analysis 156
Table 64: GE Energy, Key Employees, 164
Table 65: Soham Renewable Energy Plans To Raise $26.17 Million 167
Table 66: Lanco Infratech Files For Private Placement 168
Table 67: National Hydroelectric Power Plans To Raise $1.26 Billion In IPO 170
Table 68: Tata Power Completes Private Placement Of $335 Million 171
Table 69: Entegra Completes Rights Offering Of $29.46 Million 173
Table 70: Indowind Plans To Raise $150.34 Million Through Secondary Offering 174
Table 71: Reliance Infrastructure Completes Private Placement Of $198 Million 11.55% Non Convertible Debentures 175
Table 72: Nuclear Power Corporation Plans To Issue Tax-Free Bonds For $10,115 Million 176
Table 73: Karnataka Power Forms Joint Venture With NTPC And BHEL 177
Table 74: IOC To Enter Into Partnerhip With Suzlon 178
Table 75: CLP Holdings Plans To Enter Into Partnership With Enercon 179
Table 76: NTPC Plans To Form Joint Venture With Asian Development Bank, GE Energy, Kyushu Electric Power, Brookfield Renewable 180
Table 77: NTPC Forms Joint Venture With Asian Development Bank, GE Energy, Kyushu Electric And Brookfield 181
Table 78: Hydro Tasmania To Sell Its 50% Stake In Khandke Wind Power Project For $11.08 Million 182
Table 79: DLF To Divest Its Windmill Power Generation Business 183
Table 80: Dynamatic Technologies Acquires Wind Farm From Tamilnadu Petroproducts 184

1.2 List of Figures
Figure 1: Global CO2 Emissions, Million Metric Tons, 1970-08 16
Figure 2: Global Projected Energy Demand, Mtoe, 1980-30 17
Figure 3: India Power Market, Cumulative Power Generation Capacity by Energy Source, %, 2008 19
Figure 4: India Renewable Power Market, Historical Cumulative Installed Capacity (Including Hydro), MW, 2001-08 20
Figure 5: India Renewable Power Market, Cumulative Installed Capacity Split by Renewable Type, %, 2008 21
Figure 6: Asia Pacific Wind Power Market, Cumulative Installed Capacity Split by Regions, %, 2008 23
Figure 7: Asia Pacific Wind Power Market, Cumulative Installed Capacity Split by Regions, MW, 2008 24
Figure 8: India Wind Market, Share in Historical and Forecast Cumulative Installed Capacity in Asia Pacific and Global Wind Markets, %, 2001-13 25
Figure 9: India Wind Market, Feed in Tariffs by States, INR/kWh, 2008 27
Figure 10: India Wind Market, Historical Average Turbine Size , MW, 2001-08 31
Figure 11: India Wind Market, Annual Installed Capacity Split by Power Range of Turbines, %, 2008 32
Figure 12: India Wind Market, Historical and Forecast Installed Capacity, MW, 2001-2013 33
Figure 13: India Wind Market, Historical Cumulative Power Generation, GWh, 2001-13 34
Figure 14: India Wind Market, Historical and Forecast Cumulative Carbon Savings, Million Tons, 2001-13 35
Figure 15: India Wind Market, Historical and Forecast Cumulative Average Number of Homes Powered, ‘000, 2001-13 36
Figure 16: India Wind Market, Cumulative Installed Capacity Split by States, %, 2008 38
Figure 17: India Wind Market, Cumulative Installed Capacity Split by States, MW, 2008 39
Figure 18: India Wind Market, Under Construction Capacity Split by States, % 40
Figure 19: India Wind Market, Historical Annual Installed Capacity Split by Turbine Manufacturers, MW, 2003-2008 42
Figure 20: India Wind Market, Historical Annual Installed Capacity Split by Turbine Manufacturers, %, 2003-2008 43
Figure 21: India Wind Market, Under Construction Capacity Split by Turbine Manufacturers, %, 2008 44
Figure 22: India Wind Turbine Market, Historical and Forecast Revenues, US$ Million, 2003-2013 46
Figure 23: India Wind Turbine Gearbox Market, Historical and Forecast Revenues, US$ Million, 2003-2013 47
Figure 24: India, Comparison of Tariffs Provided by Different States For Wind Power 55
Figure 25: GlobalData Methodology 246