India to Boost Wind Energy Capacity by 25 GW by 2028

22 May 2024 CW Team

The push for increased wind power capacity is largely driven by the need for renewable energy sources that can provide continuous power supply and grid balancing, unlike solar power which is restricted to daylight hours. "Hybrid and storage-linked projects would push higher wind additions. Nearly 30-50% of the capacity of these projects will comprise wind power as these require developers to provide renewable power throughout the day, especially during evening and night hours," stated Ankit Hakhu, Director at Crisil Ratings.

India's wind energy sector had previously experienced a slowdown, with annual capacity additions dropping to 1.7 GW from 2018 to 2023, a significant decline from approximately 3.0 GW annually between 2014 and 2018. This decline was attributed to a scarcity of connected sites with high wind potential and reduced returns for developers following aggressive bidding.

In response, the Indian government has introduced several policies to reinvigorate the sector, including setting a target to auction 50 GW of renewable projects annually, with 10 GW specifically for standalone wind projects. Since fiscal 2023, about 5 GW of standalone wind projects have been auctioned, an increase from around 3 GW in fiscal years 2021 and 2022. Additionally, auctions of hybrid and storage-linked projects have surged, from 4 GW in fiscal years 2021 and 2022 to nearly 18 GW in fiscal years 2023 and 2024.

"Average tariffs have stabilized around ?3.2 per unit in fiscals 2023 and 2024 and are expected to continue in fiscal 2025, compared to ?2.8 per unit over fiscals 2020-2022. These tariffs are expected to be viable and remunerative to developers at the expected project costs over the medium term," added Varun Marwaha, Associate Director at Crisil Ratings.

This projected expansion underscores India's commitment to enhancing its renewable energy infrastructure to meet growing energy demands sustainably.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

India is on track to significantly increase its wind energy capacity, with a projected addition of nearly 25 gigawatts (GW) between fiscal years 2025 and 2028, compared to about 9 GW added between 2021 and 2024, according to Crisil Ratings. This ambitious expansion is expected to involve a capital expenditure ranging from ?1.8 lakh crore to ?2 lakh crore. The push for increased wind power capacity is largely driven by the need for renewable energy sources that can provide continuous power supply and grid balancing, unlike solar power which is restricted to daylight hours. Hybrid and storage-linked projects would push higher wind additions. Nearly 30-50% of the capacity of these projects will comprise wind power as these require developers to provide renewable power throughout the day, especially during evening and night hours, stated Ankit Hakhu, Director at Crisil Ratings. India's wind energy sector had previously experienced a slowdown, with annual capacity additions dropping to 1.7 GW from 2018 to 2023, a significant decline from approximately 3.0 GW annually between 2014 and 2018. This decline was attributed to a scarcity of connected sites with high wind potential and reduced returns for developers following aggressive bidding. In response, the Indian government has introduced several policies to reinvigorate the sector, including setting a target to auction 50 GW of renewable projects annually, with 10 GW specifically for standalone wind projects. Since fiscal 2023, about 5 GW of standalone wind projects have been auctioned, an increase from around 3 GW in fiscal years 2021 and 2022. Additionally, auctions of hybrid and storage-linked projects have surged, from 4 GW in fiscal years 2021 and 2022 to nearly 18 GW in fiscal years 2023 and 2024. Average tariffs have stabilized around ?3.2 per unit in fiscals 2023 and 2024 and are expected to continue in fiscal 2025, compared to ?2.8 per unit over fiscals 2020-2022. These tariffs are expected to be viable and remunerative to developers at the expected project costs over the medium term, added Varun Marwaha, Associate Director at Crisil Ratings. This projected expansion underscores India's commitment to enhancing its renewable energy infrastructure to meet growing energy demands sustainably.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Infrastructure Transport

05 Sep 2025

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Infrastructure Transport

05 Sep 2025

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..