The wind energy industry of India is on the verge of making a powerful revival with the recent 4.5-5 GW per year added. It has been felt by industry experts that annual setups should be increased to 8-10 GW in a year by the year 2026 in order to keep pace. This energy rejuvenation indicates that developers and policymakers are becoming increasingly confident that wind energy will become a core component of the renewable energy transition in India again.
Large Wind generated potential, which is largely untapped.
Based on estimates released by the government, there are more than 1100 GW of wind energy potential in India with a hub height of 120 meters. Nevertheless, the nation has been able to install approximately 45-50 GW up to date, that is, less than 5 percent of the potential has been exploited. Other states such as Gujarat, Tamil Nadu, Karnataka and Maharashtra are still endowed with huge potential wind potentials that can be utilised in order to bridge the future.
National Targets Introduce a Timeline of Growth.
In its strategic plan, India targets to have about 122 GW of wind energy capacity by the year 2032 in the wider interest of 500 GW of non-fossil fuel capacity by 2030. It is emphasized by experts that such national climate and energy security targets can be hard to meet without the increase in wind installations speed. The wind energy is particularly relevant due to the complementation of the power of the sun and the balance of the electricity grid.
There are still Policy and Infrastructure Problems.
The sector has good targets, but there are structural demands. Slowness in acquiring land, unavailability of transmission lines, and delays in finalisation of Power Purchase Agreements (PPAs) are still continuing to impact on project execution. Also, there is a lack of robust implementation of the Renewable Purchase Obligations (RPOs) which have diminished the guaranteed demand on wind power, which affects the investor confidence.
Good Future Prognosis of the Sector.
Despite these difficulties, analysts are still optimistic. Wind energy has been made cost effective by technological advancements, the increased size of turbines and low tariffs which in most cases do not exceed 3 per unit. India can ascend to the world leader on wind energy as it struggles to solve the increasing power demands and climate commitments, thereby creating jobs and making the country appealing to foreign investments.
