a period of three to four years. We have enough bankable project that will help us realise this goal.
Is the recently passed land acquisition legislation a stumbling block for renewable energy projects that require large tracts of land?
Unlike previously, wind power projects do not require large amount of land now. In addition, wind power turbines can now be installed without disturbing farming or other activities in the vicinity and there is no need for contiguous stretch of land. But for solar, land is required. This is a challenge. One solution for reducing large land requirement is to limit the size of projects. As of now, we expect most of our solar power projects to be less than 150 MW in capacity. Besides, my understanding is that the land bill is not coming in way of a bilateral deal that the company undertakes with land owners.
Will the company also look for opportunities to invest in projects abroad?
Right now we have given the mandate to the company to look at opportunities in the domestic market. But will also explore opportunities to invest abroad.
Has the recent sharp depreciation of rupee impacted costs in the renewable energy space affecting its competitiveness?
Let us understand that import component in wind power generation is mere 10-15 % so actual impact of rupee depreciation on cost s here would be restricted to a mere 5-10%. But as far as solar goes, there would a larger impact as 60-70% of components are largely imported. We should understand that rupee depreciation has added expenditure for conventional power projects as cost of imported coal has also gone up. In solar the cost of module is going down and this would further reduce pressure from a depreciating rupee.