Wind Industry rapidly growing to achieve 80 GW and beyond.

Buoyed by strong government policies and concerted industry efforts, India is poised to become a global wind energy exporter by 2022, ahead of China, creating over 2 million jobs, according to Indian Wind Turbine Manufacturers Association (IWTMA).

The Financial Year 2016-17 (FY17) saw wind power capacity addition of over 5,000 MW, which was highest ever in India during a single year and exceeded the target by 38%. According to industry estimates, achievement of revised targets would require investments in the range of Rs. 3 lac crore. The Government has already awarded 7,500 MW and another 11,500 MW is in the pipeline. Further 10,000 MW each will be rolled out in FY19 and FY20.

Speaking on the occasion of Global Wind Day celebrations organized by IWTMA, Mr Anand Kumar IAS, Secretary, Ministry of New & Renewable Energy (MNRE),“India would endeavor to set the RE capacity of around 227 GW as against the target of 175 GW by 2022 . Further, the government has also set a target of 5 GW by 2025 and 30 GW offshore by 2030. With over 34 GW installations, the Indian wind sector has demonstrated significant progress on enabling India's COP21 commitment. We are confident, with the emerging areas of Wind-Solar Hybrid, Offshore, combined with revised onshore wind energy target, India is transitioning to lead the way in wind energy. In the long term, by 2030, considering the increase in demand at a modest rate of six percent, we will need around 860 GWs of installed capacity. More than 60 percent (500+ GWs) of this will be from renewables, excluding large hydro’s. In renewables about 350 GW will come from Solar, 140 GW from Wind and rest from biomass and hydro."

In May 2018 MNRE had issued National Wind-Solar Hybrid Policy for efficient utilization of transmission infrastructure and land. The government has also issued guidelines, and RfS for the first 2,500 MW Wind-Solar hybrid as Green Field project.

Mr Kumar further added, “The introduction of the bidding process has contributed to transparency and reduction in per unit cost of produced electricity. In our quest to realisePrime Minister Shri NarendraModi’s dream of a clean energy future for the ‘New India’, we have set up a target of 80 GW and beyond for wind by 2022.”

Mr. Tulsi Tanti, Chairman IWTMA said, “The wind industry is committed to deliver on Prime Minister’s vision of Make in India and achieve 40% of total installed power capacity from non-fossil fuels by 2030. We will strive to achieve the expanded government target of 80GW wind by 2022. Wind Sector currently provides employment to more than 2 million people and has the potential to create 5 million job opportunities in next two decades. We believe with the right policy framework and ecosystem India has the potential to develop export economy in Wind of more than 5GW by 2022. India is poised to become the global manufacturing hub for wind energy.”

Mr Tanti further added, “With the advent of bidding regime, there is clear visibility of volumes for next 5 years. The exponential volume growth of ~12-15 GW per annum expected creates economies of scale and thereby offsets the concerns of low tariffs. It is a win-win situation for allstakeholders.  Additionally, India is best positioned to become the export hub owing to its cost competitiveness, mature wind energy value chain and technology-edge. However, we need to create a level playing field for SMEs specifically to take part in the wind energy programme. "

Investments in renewable energy sector in India are decisive for the climate change targets set in the Paris Accord. Wind sector is committed to provide Affordable and Sustainable Energy to all, thereby enable India's Energy Security.

Speaking on the occasion Mr KS Popli, Chairman and Managing Director, IREDA said, ”We welcome the government push in the renewable sector. India is fast emerging as key renewable player on the global stage. However to sustain the growth and achieve the goal it is imperative that all stakeholders collaborate under the aegis of the MNRE. I would urge the financial institutions to extend support to the wind and renewable energy sector to enable India’s Energy security and clean energy targets.”

Wind Power | News published on 02/07/2018 by Rashmi

 
 
Next events

 

Last interview
 
 
 Energetica India is a publication from Editorial Omnimedia. No reproduction in whole or part of content posted on this website.