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

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?