Wind energy sector in India to see 50% growth in the next five years
POWER & RENEWABLE ENERGY

Wind energy sector in India to see 50% growth in the next five years

A report titled 'India Wind Energy Market Outlook 2025' has said India is expected to add around 20.2 GW of new wind power capacity in the 2021-25 period, indicating a 50% growth as compared to the current 39.2 GW installed capacity of the country.

As per the report, it's a clear signal that the market is starting to bounce back after a slow-down in recent years. According to the report by the Global Wind Energy Council (GWEC) and MEC Intelligence, the impact of lockdowns on India's wind energy market had been severe than expected, with just 1.1 GW installations out of 3.3 GW originally forecasted for 2020.

It said that the pace of new installations is likely to double over the next two to three years as compared to the average installations since 2017, the market began to slow down. Currently, India's pipeline projects of 10.3 GW, both in Central and state tenders, are expected to drive installations until 2023.

The report further added that the market post-2023 is likely to be driven by 10 GW new capacity installations awarded to the wind projects, mainly through hybrid projects that are becoming important for the round-the-clock power initiative of the country. It said that, over the next five years, 90% of new wind capacity installations would come from central tenders, followed by the corporate procurements and state markets.

Image Source


Also read: SECI floats tender for 1.2 GW ISTS-connected wind projects

Also read: Wheels India plans Rs 100 cr capex in FY22 for wind energy sector

A report titled 'India Wind Energy Market Outlook 2025' has said India is expected to add around 20.2 GW of new wind power capacity in the 2021-25 period, indicating a 50% growth as compared to the current 39.2 GW installed capacity of the country. As per the report, it's a clear signal that the market is starting to bounce back after a slow-down in recent years. According to the report by the Global Wind Energy Council (GWEC) and MEC Intelligence, the impact of lockdowns on India's wind energy market had been severe than expected, with just 1.1 GW installations out of 3.3 GW originally forecasted for 2020. It said that the pace of new installations is likely to double over the next two to three years as compared to the average installations since 2017, the market began to slow down. Currently, India's pipeline projects of 10.3 GW, both in Central and state tenders, are expected to drive installations until 2023. The report further added that the market post-2023 is likely to be driven by 10 GW new capacity installations awarded to the wind projects, mainly through hybrid projects that are becoming important for the round-the-clock power initiative of the country. It said that, over the next five years, 90% of new wind capacity installations would come from central tenders, followed by the corporate procurements and state markets. Image Source Also read: SECI floats tender for 1.2 GW ISTS-connected wind projects Also read: Wheels India plans Rs 100 cr capex in FY22 for wind energy sector

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code