RENEWABLE ENERGY

India to add 20 GW of wind energy capacity by 2025: GWEC

India will install 20 GW of wind energy capacity over 2021-25, according to the India wind energy market outlook released by Global Wind Energy Council (GWEC) on Thursday. About 90 per cent of this capacity addition will come from Central tenders, followed by corporate procurement and lastly State markets, GWEC said.

India currently has a pipeline of 10.3 GW in Central and State markets, which is expected to drive installations until 2023 in the market. The market post 2023 is likely to be driven by 10 GW of new capacity awards to wind, majorly in hybrid formats, GWEC said.

Hybrid volume
The linking of utility-scale wind and solar technology will be a crucial lever for the volumes, it added. Over the past two years, wind capacity awarded by the Centre fell from a high of 6.4 GW in 2018 to 1 GW in 2020. Volume awarded through hybrid tenders, however, has risen from 0.8 GW in 2018 to 2.8 GW in 2020.

“Notification of new tenders and pricing fitment of the hybrid tender will remain crucial for the opening of hybrid volume,” the outlook said.

Source
the hindu businessline
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