1. In March 2023, Government announced it will invite bids for 8 GW of wind power projects every year from 2023 to 2030, so companies with capability will gain from these tenders.
2. Suzlon is the leader with 50% share of installed capacity. Last week, Suzlon became first Indian wind energy company to reach 20 GW of global Wind Energy installations. Its net debt has reduced by 90% in last year and management has guided becoming net debt free soon.
Last 1 month returns of Wind Energy stocks:
- Suzlon Energy: 80%
- Inox Wind Energy: 67%
- KPI Green Energy: 24%
- Orient Green Power: 22%
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