AHEAD of the Union Budget, the ministry of New and Renewable Energy is batting for several incentives for the wind power industry including providing additional funding, steps to increase the corpus under National Clean Energy Fund, enforcement of renewable purchase obligation and timely payment of electricity generated from wind projects are on the table of Finance Ministry as well. The amended wp guidelines are also pushing investments in clean and renewable energy.
The economic crash of 2008 dramatically changed the financing of offshore wind projects with utilities stepping away from balance sheet financing. New models are being sought by utilities and IPPs to ensure they meet lender requirements and secure that cash injection for their projects.
Five international wind power experts discussed how this has affected contracting; their views of their financial model and to what extent major contractors have a part to play in the future of financing offshore wind.
To read the full discussion, click on the link below:
