Best Performing Project of the Year 2015-16,Maharashtra

India Wind Energy Forum (IWEF) 2016 confers “Panama Wind Energy Godawari Private Limited” as the Best Performing Project of the Year 2015-16, Maharashtra

India 2016: Panama Wind Energy Godawari Private Limited, a Wind IPP of Panama Renewable Energy Group, has been awarded as the Best Performing Project of the Year 2015-16, Maharashtra at the India Wind Energy Forum 2016 that took place in Panaji-Goa, in India on the 6th-7th of October 2016.
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Panama Wind team receives Best Performing Project of the year at IWEF 2016

IWEF is the India’s biggest Premier Wind Energy Event, attracting and bringing together leaders from across the World. During this event the best performing companies and other professionals were honored for their achievements and positive contribution under different categories of awards for excellence, among which the 80 MW Wind Power Project under the SPV “Panama Wind Energy Godawari Private Limited’ of the Panama Renewable Energy Group, has been recognized as the Best Performing Project of the Year 2015-16 in the State of Maharashtra. The IWEF Excellence award is considered a trustful benchmark for excellence, and it is the most prestigious recognition that could be received in the Indian Wind Energy sector.

India Wind Energy Forum 2016 (IWEF 2016) was attended by 150+ companies across the globe. Attendees of this event included CEOs and other senior company officials from all the stakeholders of Indian wind sector including developers, turbine manufacturers, service and technology providers, investors and other top professionals from the sector. The IWEF Awards were focussed on companies, projects & products that have set the new benchmark for the Wind energy sector in India. The awards were held in conjunction with ‘India Wind Energy Forum 2016’ on 7th October 2016 at Vivanta by Taj, Goa.
This is third consecutive IWEF Award for the Panama Renewable Energy Group. The group is already in receipt of the Runner up Award for the Best Wind Power Project Developer – Shining Star in the Year 2014 & Best Wind Farm Control Centre – Developer in the Year 2015.

The Details of the Project are:

Location: Mirkala, Tal – Georai, Dist.- Beed
Capacity: 80 MW
WTG No: 40 Nos of 2 MW G-97, Gamesa Wind Turbines
Clean Energy Generated Units During FY 2015-16: 153251484 kWh
Annual Average Machine Availability: 98.70%
Annual Average Grid Availability: 99.72%
Equivalent Co2 Emission Reduction During FY 2015-16: 146846 tCo2
Saving of Water if Equivalent Energy Produced from Thermal 3.065 billion liters of Water

The various attributes that were considered for selecting the project were Annual Energy Yield, Annual Average Machine Availability, Annual Average Grid Availability, Costs Incurred for O & M, Innovation in Project Structuring & Financing, Employment Generated, HSE Culture and Innovation in Operations.
Mr. Dinesh Jagdale, Director & CEO during the Award Ceremony dedicated this Award to the Panama Wind’s Asset Management Team at site for their extravagant efforts in Maintaining the Optimum performance of the Wind Farm by ensuring minimum downtime of the entire plant and using the Asset Management Tools to ensure highest productivity. Mr. Dinesh also thanked & Congratulated Gamesa’s Team for the brilliant support at site & Powercon Bax Team for the analytics support that are rendered to Panama Wind.