, India

Onshore wind to play a key role in achieving India’s 2030 target

The country has almost 41GW of onshore wind capacity.

Accelerating investments in onshore wind energy, in which annual capacity additions have declined, would boost India’s 2030 target and ensure the reliability of the overall grid system, according to the Global Wind Energy Council (GWEC).

In a report, GWEC CEO Ben Backwell said the reverse auction regime enabled a market with “race to the bottom” characteristics which led to insufficient volumes awarded, unsustainable bids, attritions, and inadequate focus on quality and supply chain health.

“The central government’s announcement of several corrective policy measures in recent months has renewed optimism. However, accelerating investments in the wind manufacturing sector and scaling up annual capacity addition requires consistent demand creation,” Backwell said.

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

“It is essential for the wind industry to have a clear manufacturing investment case based on an expanding Indian market, while building and enhancing partnerships with government agencies, communities, and commercial & industrial consumers to achieve this goal,” he added.

GWEC said the decline in wind capacity additions impeded India's goal of decarbonising the power sector and heavy industry and transport. It currently has nearly 41 gigawatts of onshore wind capacity, the fourth-largest market for wind globally.

India aims to install 140GW of wind energy by 2030, 30GW of which will be offshore wind, the council said.

The country should also ensure the financial health of project developers and manufacturers who suffer the “double impact” of stalling capacity addition, it added.

Follow the link 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

Laos poised to be Southeast Asia’s key electricity supplier
This comes amidst the development the Laos-Thailand-Malaysia-Singapore Power Integration Project.
Power Utility
US sanctions hit Iran’s clean energy sector: report
These have made it challenging for Iran to secure debt and equity finance amongst others. 
Lending & Credit
APAC to generate lion’s share of world’s energy by 2030
The region is expected to account for 56% of the world’s energy in the  next decade.
Power Utility
Wind energy industry needs 570,000 technicians by 2026
This comes as the global onshore and offshore wind increase in size by 67%.
People

Exclusives

Why Philippines’ EDC will not fire up coal
The devastating effects of climate change led the company to develop REs only.
Environment
Indonesia’s Pertamina signs up for hydrogen development
Pertamina is set to produce green and blue hydrogen as part of its clean energy target in 2030.