Report Summary Detailed report on wind energy while tracking the government policies and upcoming projects, nascent players, merger & acquisition with the future outlook.
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Overview of Wind energy landscape in India, A Know How
India has a huge target of 140 GW by the end of 2030, in order to complete this GoI announced a target of 8 GW auction per year for wind energy till 2030.
India's renewable energy (RE) sector has gained traction in recent years, that’s why the growth is recorded at a CAGR of 14.3% over the last five years till FY 2022. This massive growth helped India reach a milestone of 119.5 GW (as of November 22) of RE capacity. However, falling RE tariffs and government supportive policies etc. are some key factors that gave a huge thrust towards RE sector. In this overall RE capacity, the wind stands at approximately 42 GW, which is the second-most focused sector after solar, which contributes almost 52% of the total RE.
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