, India
116 view s
Source: Pexels

India could raise RE capacity by about 24GW with wind energy

As of March 2022, 37.7% of its cumulative installed capacity was wind. 

India could add 23.7 gigawatts of renewable energy capacity in the next five years through wind power, the Global Wind Energy Council (GWEC) and the MEC Intelligence (MEW+) found. 

“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,” Ben Backwell, GWEC CEO, said. 

“India can seize this opportunity, but it must kick-start its energy transition after delays due to the pandemic.”

Read more: Offshore wind growth to more than double in 2031: report

Backwell noted that to seize this, India will need to hold a dialogue between the central government and the states for consensus building. 

The market will also need to focus on the delivery to help match timelines and targets and its potential to become a destination for manudacturers and suppliers of wind. 

As of March 2022, India’s renewable energy mix was made up of 37.7% wind power. It also has a potential of more than 600 gigawatts (GW) of onshore capacity and 174GW of fixed-bottome and floating offshore. 

“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,” Sumant Sinha, Chairperson, GWEC India, and CEO of ReNew Power, said. 

“India can seize this opportunity, but it must kick-start its energy transition after delays due to the pandemic.”

 

Follow the link s for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

India’s Rajasthan and Gujarat need policy reforms to fuel RE transition
Some steps they could take are implementing green tariffs and setting infrastructure funds.
Global clean energy tech market to hit $2t by 2035
This is fuelled by investments as countries aim to enhance energy security.The global clean energy technology market is projected to grow from $700b in 2023 to over $2t by 2035, nearing the scale of the crude oil market, according to the International Energy Agency (IEA).This growth is fuelled by significant investments in clean technology manufacturing as countries aim to enhance energy security, maintain economic competitiveness, and cut emissions. Investment is concentrated in regions with established positions in clean energy, particularly China, the European Union, the UK, and increasingly, India.Whilst the US, EU, and India have taken measures to support their clean energy sectors, China is expected to remain the world's manufacturing hub. By 2035, China's clean technology exports are forecasted to exceed $340b—comparable to projected oil export revenues from Saudi Arabia and the UAE.Southeast Asia, Latin America, and Africa contribute less than 5% of global cleantech production value, yet the IEA suggests that these areas still hold opportunities within the clean energy economy. Developing economies, for instance, could leverage competitive advantages to advance in the value chain beyond resource extraction.The IEA said Southeast Asia could become one of the most cost-effective regions for producing polysilicon and wafers for solar panels over the next decade.

Exclusives

Coal-dependent ASEAN told to scale up RE generation
A regional power grid could help governments in their renewable energy transition.
Indonesia told to tap communities in clean energy transition
Solar and wind power managed by villages could generate 96 million jobs over 25 years.
Indonesia to add 90 MW geothermal capacity
Three power plants in West and East Java and North Sumatra will start operating this year.