EnergyWatch

Goldman Sachs: Indian wind downturn could cause price squeeze

India appears to be showing a preference for solar farms in its renewable energy transition strategy, and this could have an impact on the wind turbine manufacturing industry, writes Goldman Sachs in a new analysis.

Even though the Indian market for wind turbines is showing signs of improvement between this year and the last, this upturn could be counteracted by several contingent factors which will probably not bode well for wind turbine manufacturers, evaluates Goldman Sachs in a new analysis.

The investment bank has taken special note of one of these factors, which is an increasing concern over whether India's power grid infrastructure in its present form can cope with the planned growth in renewable capacity.

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