Thank you for sharing your thoughts.
I work in the renewable energy sector. Two chip in my two cents, wind sector does not have a stable capacity or revenues growth outlook. With wind following the solar bidding pattern, there is going to be very stiff competition. Due to bad evacuation grid infrastructure and low creditworthiness of Discoms I would be staying away from wind or even solar project developers for that matter. One problem which everyone can appreciate with energy generation companies is that they are affected by the politics around electricity pricing. Since electricity prices are not allowed to increase at the required rate this affects operators and distributors, also leaving no money for additional infrastructure.
I do think however that taking a stock specific approach might make some money here in the next two to three years (the company will also claim its past losses to reduce tax and this may reflect in cash flows) but this does not look a value buy to me.