RENEWABLE ENERGY

India Wind Targets are Sensitive to Policy and Regulations: GWEC

India is the world’s fourth-largest onshore wind market by installations, with 37.5 GW of capacity as of 2019. The technical potential at 120-meter hub height is a whopping 695 GW, according to the National Institute of Wind Energy, and the government has set a wind capacity target of 60 GW by 2022 and 140 GW by 2030. Wind is already the second most competitive energy source on India’s grid. However, project installation has been decelerating recently, with only 2.3 GW installed in 2019. That is around half of the 4.1 GW of volume installed in 2017 and reflects slow execution when held against the 12 GW of capacity awarded in central and state tenders since 2017.

The India wind sector and installations have been traditionally erratic in nature and highly sensitive to policy changes. After the introduction of central auctions which transformed the wind procurement mechanism in the country,

Source
saurenergy
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