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Wind Turbine Market in India & South East Asia Outlook Update H2 2020

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Report Summary Imports of Wind Turbine to India took a massive hit in H1 2020 due to supply chain restrictions, market returning to "Business As Usual" mode in H2 2020

Wind Turbine Market in India & South East Asia Outlook Update H2 2020


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    Imports of Wind turbine to India took a massive hit in H1 2020 due to supply chain restrictions, market returning to “Business  As Usual” mode in H2 2020

    Wind installations levels in India have significantly declined after the reverse auction mechanism was introduced in the wind sector after several years of growth. Moreover, India installed only 2.4 GW (1.23 GW in H1 2019) of wind capacity  in 2019 which is close to 34% below the estimated targeted wind capacity. The dismal response of the wind capacity addition is mainly attributed to the financial stress of turbine makers, land acquisition issues and grid connectivity delays resulting in denting investors sentiments in wind segment. However, COVID-19 outbreak has effected the supply chains that begin in or go through China. As a result of the factory shutdowns in China during H1 2020, many disruptions have been felt across the supply chain including the imports. Consequently, India turbine market take a hit due to restrictions on transportation of wind turbine from China as vital parts such as gear box, yaw components, blades for rotor, sub-parts of such blades are imported, mostly from China. As economies are returning back to the normal, the wind projects are also returning to “ Business as usual” mode in H2 2020.

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