Wind energy players’ woes pile up

The dilution of renewable energy purchase norms and introduction of competitive bids have hit the wind energy sector hard. The latest casualty due to the unfavourable winds faced by the sector is Inox Wind’s manufacturing facility at Rohika.

In a statement to the stock exchanges, after news reports of a lockout, the company maintained that the shutdown was declared because of fears that certain employees, under the instigation and influence of external forces, could create disturbance in the Blade Plant.

But the company’s letter to the Gujarat government, declaring the lock out, said the overall wind industry in India is going through “a very tough phase”.