Indian election could see clean energy revolution

Leading figures in India‘s wind power industry have told news agency Bloomberg they are confident the country’s new government will add impetus to renewables development in the nation.

Narendra Modi’s centre-right opposition Bharatiya Janata Party (BJP) won a clear majority in the recent marathon general election in India, giving the party a clear mandate for reforming the country’s energy market, according to two high-profile figures associated with the wind industry.

Tulsi Tanti, chairman of Pune-based multinational wind developer Suzlon Energy, told Bloomberg he expects BJP prime ministerial candidate Modi to lead the charge for renewables at a federal level as he has done as chief minister of Gujarat state since 2001, introducing the country’s first incentives for large-scale solar.

Clean energy revolution

Tanti pointed out Modi had called for a "clean energy revolution" as part of his election campaign.

The Bloomberg report on Friday also quoted Sumant Sinha, CEO of the Gurgaon-based ReNew Power Ventures developer which is majority owned by the U.S. Goldman Sachs Group.

Sinha called for the "announcement of a strong development agenda" by the new prime minister within their first 100 days in office and warned: "people have a lot of expectations from the new government."

What effect the election will have, if any, on the nation’s anti-dumping investigation into solar cells made in China, Taiwan, Malaysia and the U.S. is, as yet, unclear.

The Indian Ministry of Commerce has given itself until Thursday to decide whether to impose anti dumping duties – potentially backdated – on the products which it has already found to have caused damage to Indian manufacturers.