I am sharing the Ambit report, just to show that IPPS are still making good Incremental rate of Return despite low auction prices in SECI auctions…this should lay to rest doubts regarding IPPs going into losses or the margins of WTG makers getting squeezed to nothing.Ambit_Utilities (POSITIVE)_India Wind Power - Staging a comeback!_15Mar2018.pdf (170.4 KB)
Not only are the IPPs making good IRR / ROE, they are expecting to be rewarded by the market when they come out with their IPOs in FY19.