Vaisala
Press Release
November 15, 2018
Improved Monsoon Winds Help Power Producers in 2018
After a prolonged period of decline, 2018 monsoon season brings significantly higher than average wind speeds across India.
Wind speeds in India during the 2018 monsoon season were significantly higher than normal, and up to 20% higher than long-term averages in some regions, according to wind performance maps Vaisala published today. These higher wind speeds will benefit wind farm production; this is welcome news for wind energy operators and investors, who have faced several years of lower-than-normal wind energy production during the monsoon period.
Because the monsoon season typically has the highest wind speeds of the year, the below-average wind resource in recent years has had a disproportionate impact on wind energy production and has caused concern in the sector.
Increased Wind Speeds Counter Recent Pattern of Decline
In contrast to recent years, Vaisala's measurements and analysis of the monsoon season show that wind speeds across India were up to 20% higher than the long-term average for periods of July, August and September - with notably strong performance in key wind power producing states, Tamil Nadu and Andhra Pradesh. The increase runs counter to an observable trend over the past 20 years of declining wind speeds, and stands in sharp contrast to resource data from the monsoon season in three of the past four years, which shows that wind speeds dropped well below the historic average.
Increasing Investor Confidence with a Data-driven Approach
This recent change in fortune will be welcomed by renewable energy investors in India and may help adjust perceptions of wind sector underperformance at a time when many energy assets are under scrutiny by lenders. Investment in the renewables sector has slowed following the recent cancellation of several large wind and solar tenders where the bids did not achieve the benchmark ceiling tariff.
While this year's monsoon wind performance was good news for power producers, wind energy developers must still find a way to demonstrate the value of investment in their wind projects, faced with long-term variability in wind speeds. Key to this is a scientific, data-driven approach to wind resource assessment.
"Improved resource performance over this past monsoon season, when set in the right context, can show investors the sector has real potential, and should signal a boost to investor confidence in India's wind industry," said Rajnikanth Umakanthan, Managing Director of 3TIER India, a Vaisala subsidiary. "The variability we see in resource performance underlines the value of using a long-term climate context when performing wind resource analysis. Currently, financial performance is judged against ever-lower tariffs - even in less windy states - so it is important to contextualise that with a longer-term view of climate effects."
For more information about Vaisala's Wind Energy due diligence services, visit our website.
For information about worldwide wind anomalies for the past 35 years, access the Vaisala Climate Reference Tool.
More information for media:
Naomi Stringfield
Marketing Manager, Energy, Vaisala
Tel.+617 467 1531, naomi.stringfield@vaisala.com
Vaisala Energy
Weather provides the fuel for renewable energy projects and is one of the largest variables impacting production. Vaisala uses more than 80 years of weather expertise to help the global renewable energy industry develop and operate wind and solar projects better, faster and more efficiently. Our measurement, assessment, forecasting and asset management products and services leverage proven science and advanced technology to mitigate the impact of weather risks on energy generation and support profitable decision-making across the entire project life cycle, from greenfield prospecting and due diligence through operational forecasting and plant optimization. www.vaisala.com/energy twitter.com/VaisalaEnergy linkedin.com/company/vaisala-energy
Vaisala is a global leader in environmental and industrial measurement. Building on over 80 years of experience, Vaisala provides observations for a better world. We are a reliable partner for customers around the world, offering a comprehensive range of innovative observation and measurement products and services. Headquartered in Finland, Vaisala employs approximately 1,600 professionals worldwide and is listed on the Nasdaq Helsinki stock exchange.
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