BENGALURU: The coronavirus-led lockdown has blown away India’s wind energy target for 2020, as all major turbine manufacturers, including Siemens Gamesa, Vestas, GE and Inox Wind, have suspended production, industry executives said.
BloombergNEF has lowered its expectation of how much wind energy capacity India will add in 2020 to 1.95GW from an earlier forecast of 2.56GW. “We cut that down by 24% due to the 21-day nationwide lockdown. There is a further downside risk to our current forecast if the lockdown extends beyond April 14,” Atin Jain, associate, BloombergNEF, told ET.
Jain said “almost all wind turbine makers and their part suppliers in India have shut their factories due to the lockdown.” Siemens Gamesa and Vestas have also halted production at their headquarters in Spain and Denmark, according to a Reuters report.
