Wind energy could help India add 23.7 GW of clean capacity by 2026

Renewing wind growth to power the energy transition: India Wind Energy Market Outlook 2026
Renewing wind growth to power the energy transition: India Wind Energy Market Outlook 2026

New Delhi, 29th August 2022 (By Dr Seema Javed): The Global Wind Energy Council (GWEC) and MEC Intelligence (MEC+) have recently launchedRenewing wind growth to power the energy transition: India Wind Energy Market Outlook 2026”.

This third annual edition looking at the wind energy outlook in India highlights wind energy’s critical link to India’s green energy transition. The outlook suggests that the country can add another 23.7 GW of capacity within the next five years provided necessary enabling policies, facilitative instruments, and the right institutional interventions are put in place.

Why do we need to discuss- ‘Revitalizing wind growth in India‘?

Ben Backwell, CEO of GWEC said: “This Outlook is published as the world faces a decisive moment; there is a narrow window of opportunity to halt the irreversible damage to this planet from climate change by making an urgent shift to clean energy. India can seize this opportunity, but it must kick-start its energy transition after delays due to the pandemic.”

He  also said that-“To seize this enormous opportunity, India must focus on three areas: Dialogue between the central government and the states to foster consensus building; delivery to help match timelines and targets, and the potential for India to be a destination for the global wind manufacturers and suppliers.”

Wind power constituted the majority of the renewable energy mix in India, with 37.7% of cumulative installed capacity, as of March 2022. However, the overall estimated potential dwarfs the current installed capacity. There is over 600 GW of onshore capacity at 120m hub height, with another 174 GW of fixed-bottom and floating offshore wind potential. These statistics demonstrate that there is a huge untapped wind energy potential that will be crucial for advancing the country’s clean energy transition.”

Emphasizing the urgency to amplify efforts for clean energy transition, Sumant Sinha, Chairperson GWEC India and Founder, Chairman and CEO, R eNew Power Private Limited said “If India is to achieve its climate goals set at COP26, it must harness the full potential of its enormous wind capacity, including offshore, at an accelerated pace. We can do it. But to get there, it has to be an all-hands on-deck, literally non-stop, collaborative and flexible effort from policymakers to clean energy firms to investors to innovators to communities to academia to multilateral lenders—from today, for the next few decades. Nothing less will do if we are to ensure that the clean energy transition is successful so our future generations can literally breathe easier and inhabit a liveable planet.”

The outlook finds that the market in India has been affected by the pandemic, with the second wave of COVID-19 in the country, coupled with global supply chain challenges, causing disruption. However, the Ministry of New and Renewable

Energy (MNRE) took several measures at this time. For example, the ministry granted a blanket timeline extension, which pushed the 0.7 GW of delayed projects to 2022.

Between 2021 and the release of this edition, 2.65 GW of the SECI awarded wind/solar hybrid (WSH) tenders and 3.5 GW of standalone wind projects were awarded. Unlike the previous years, both standalone and hybrid projects were oversubscribed, this reinstates the ever-growing prominent role of wind energy for decarbonization and resilience building in the grid system.

Sidharth Jain, MD, MEC+ said “India’s track record has indicated that the wind installation market is a lumpy market. Considerable momentum has been built in the pipeline since 2017-2018, but inordinate delays in project execution have challenged the assumptions of developers. Despite these obstacles, wind#39;s role as a supplement to solar energy strengthened in 2021. Wind solar hybrid project PPAs( Private Public Associations)  have grown within corporate procurement and DISCOMs contracts, targeted toward meeting peak power needs. The export of bigger turbines and the entry of new suppliers into the local supply market have both reinforced India #39;s position as a global hub for wind equipment supplies. Given the trends, we are hopeful of the revitalization of demand for wind power towards 2026 in the country.”

There is a huge untapped opportunity in the Indian market, with the outlook providing insight into how the country can unlock the full potential of wind resources with five broad recommendations:

● Strengthen consensus and coordination between central and state governments.

● Promote technology exchange and alignment to the global wind supply chain

● Exploit repowering opportunities that offer an efficient pathway for India to maximize productivity and socioeconomic benefits from sites already designated for onshore wind power production

● Address the legacy challenges which have disrupted the development of wind energy

● Finalise and implement offshore wind development roadmaps Martand Shardul, Policy Director, GWEC India stressed the growing role of both standalone and hybrid wind projects to support the needs of the power sector’s decarbonization as well as the availability and adequacy of reliable green power supply. He said: “policy amendments must be evaluated over a period of time to identify any scope for improvement and to fast-track progress while also ensuring a thriving business environment.”

Recent policy interventions by central and state governments offer hope for the market, but it is clear that action is needed to revitalise the market and deliver on the ambitious goals this report believes India can achieve.

हमें गूगल न्यूज पर फॉलो करें. ट्विटर पर फॉलो करें. वाट्सएप पर संदेश पाएं. हस्तक्षेप की आर्थिक मदद करें

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About the Author

Seema Javed
Dr Seema Javed Environmentalist & Communicator for Climate Change

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