Emerging trends in Wind Power Industry in India
Wind
energy sector in India is growing at an impressive pace. As of March 2017, India
was the fourth largest producer of wind energy after China, USA, Germany with
an installed capacity at around 32279.77 MW. Growing environmental
consciousness and government incentives to entrepreneurs and investors are
making this industry a viable business proposition.
New
technological developments in wind power generation design have contributed to
the significant advances in wind energy penetration across the nation thereby
ensuring optimum utilization of wind power potential of the country. The
industry is firmly on track to meet the national target of achieving wind powered
installed capacity of 60GW by 2022.
India Wind Energy
Installation Capacity, 2012-16 & 2022 (MW)
Source: Ministry of New & Renewable Energy
MNRE has incorporated Centre for Wind Energy Technology (C-WET)
as technical focal point for development of wind energy in India. This agency
is responsible for wind resource assessment in the country. According to C-WET
(Centre for Wind Energy Technology) estimation, Gujarat, Karnataka, Andhra
Pradesh, Tamil Nadu and Maharashtra are leading states in wind energy
potential.
Wind
Power Potential of Major States in India (As on March 2017)
|
S. No.
|
State
|
Total Wind Power Potential(MW)
|
Wind Power Potential (%)
|
|
1.
|
Gujarat
|
84431
|
4.68%
|
|
2.
|
Karnataka
|
55857
|
5.14%
|
|
3.
|
Maharashtra
|
45394
|
10.25%
|
|
4.
|
Andhra Pradesh
|
44229
|
3.24%
|
|
5.
|
Tamil
Nadu
|
33800
|
22.53%
|
|
6.
|
Rajasthan
|
18770
|
21.28%
|
|
7.
|
Madhya
Pradesh
|
10484
|
20.42%
|
|
8.
|
Telangana
|
4244
|
1.83%
|
|
9.
|
Others
|
3342
|
0.13%
|
|
10.
|
Kerala
|
1700
|
2.56%
|
Source: Ministry of New & Renewable
Energy
|
According to government estimates, onshore potential of wind
power in India is around 302GW. Moreover, wind power projects in the country are
likely to attract investment worth USD 15 billion during 2015-2020. This offers
huge scope for the growth of wind energy projects across the nation.
In the last five years, there has been a tremendous growth in
renewable energy in India. This is due to the significant drop in tariffs from
wind energy plants. In February 2017, power tariffs from wind power hit a
record low and reached INR3.46/kWh owing to ongoing technological improvement
in wind energy sector, which has enhanced the overall efficiency.
The Indian government has taken several policy initiatives, such
as ‘National Offshore Wind Energy Policy’, which aims to harness offshore wind potential
of the country. The policy also focusses on allocation of offshore wind energy
blocks, coordination and allied functions with related ministries and agencies.
Moreover, India aims to achieve 100% rural electrification by
the end of May 2018, under the Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) scheme.
This would encourage the installation on new wind power projects in the rural
parts of the country. The reduction in power tariff, technological advancement
and introduction of industry friendly policy would pave the way for the growth of
wind energy sector in the country.
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