Wind energy at a critical juncture, industry urges policy support for 2030
POWER & RENEWABLE ENERGY

Wind energy at a critical juncture, industry urges policy support for 2030

India's wind energy sector is at a critical juncture, with industry leaders emphasizing the need for consistent policy support to establish the country as a global leader in renewable energy production. On Thursday, JP Chalasani, CEO of Suzlon Group, highlighted that India is in a transformative phase for wind energy. He noted that with consistent policies supporting domestic manufacturing and innovation—such as enhancing RLMM requirements—India has the potential to emerge as a global hub for renewable energy production.

India’s installed wind energy capacity currently exceeds 48 gigawatts (GW), and industry experts project the potential to add at least 8 GW annually. Amit Kansal, CEO and Managing Director of Senvion Wind Technology, observed that the wind energy sector has experienced considerable growth, with hybrid wind-solar projects reshaping the industry. He remarked that the government's goal of achieving 140 GW of wind power by 2030, alongside annual investments surpassing $10 billion in renewable energy, is essential to meeting the country’s renewable energy targets and fostering sustainable development.

Nevertheless, industry leaders pointed out that land availability remains a significant challenge. Chalasani stressed that although India is prepared to scale up its wind energy capacity, it is vital to address obstacles like land acquisition. Parag Sharma, President of the Wind Independent Power Producers Association (WIPPA), emphasized the importance of decisive and consistent policy support, along with timely power purchase agreements (PPAs), to attract investment and drive smart innovations. He added that strategic collaborations, cost-reflective tariffs, and supportive market mechanisms would accelerate capacity growth, ensuring that wind energy plays a key role in India’s renewable future.

These statements were made during a press conference held in anticipation of Windergy India 2024, a major international trade fair and conference scheduled to take place in Chennai later this month. The event will host over 300 exhibitors from around the world, focusing on advancing wind energy as part of India’s ambitious renewable energy goals.

India's wind energy sector is at a critical juncture, with industry leaders emphasizing the need for consistent policy support to establish the country as a global leader in renewable energy production. On Thursday, JP Chalasani, CEO of Suzlon Group, highlighted that India is in a transformative phase for wind energy. He noted that with consistent policies supporting domestic manufacturing and innovation—such as enhancing RLMM requirements—India has the potential to emerge as a global hub for renewable energy production. India’s installed wind energy capacity currently exceeds 48 gigawatts (GW), and industry experts project the potential to add at least 8 GW annually. Amit Kansal, CEO and Managing Director of Senvion Wind Technology, observed that the wind energy sector has experienced considerable growth, with hybrid wind-solar projects reshaping the industry. He remarked that the government's goal of achieving 140 GW of wind power by 2030, alongside annual investments surpassing $10 billion in renewable energy, is essential to meeting the country’s renewable energy targets and fostering sustainable development. Nevertheless, industry leaders pointed out that land availability remains a significant challenge. Chalasani stressed that although India is prepared to scale up its wind energy capacity, it is vital to address obstacles like land acquisition. Parag Sharma, President of the Wind Independent Power Producers Association (WIPPA), emphasized the importance of decisive and consistent policy support, along with timely power purchase agreements (PPAs), to attract investment and drive smart innovations. He added that strategic collaborations, cost-reflective tariffs, and supportive market mechanisms would accelerate capacity growth, ensuring that wind energy plays a key role in India’s renewable future. These statements were made during a press conference held in anticipation of Windergy India 2024, a major international trade fair and conference scheduled to take place in Chennai later this month. The event will host over 300 exhibitors from around the world, focusing on advancing wind energy as part of India’s ambitious renewable energy goals.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Innovision Wins NHAI Toll Collection Contract at Aashpur Fee Plaza

Innovision Limited has informed stock exchanges that it has been awarded a user fee collection and facility maintenance contract by the National Highways Authority of India (NHAI). The letter of award was issued on 10 August 2026 for operations at Aashpur Fee Plaza at design kilometre 231.100 on National Highway number 91 between Aligarh and Kanpur in Uttar Pradesh. The engagement covers collection of user fees for four and more lane sections and the upkeep and maintenance of adjacent toilet blocks including replenishment of consumable items. The contract was secured through a competitive e-te..

Next Story
Infrastructure Urban

Bharat Electronics Secures Rs.5,410 mn In Orders

Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, has secured additional orders worth Rs.5,410 million (mn) since the last disclosure on 31 July 2026. The fresh awards raise the company's recently reported intake and were announced by way of a regulatory filing on 10 August 2026. The orders span multiple business verticals and are incremental to contracts already under execution. The update follows the company's routine disclosure obligations to the stock exchanges. Major orders received include communication equipment, electro optics, ammunition fuzes, Chemical B..

Next Story
Infrastructure Urban

United Drilling Tools Receives US Order For Gas Lift Mandrel

United Drilling Tools Limited said it has received an order from Tri Lift Services Inc of the United States for the supply of a gas lift mandrel to be used in the oil and gas industry. The company said the disclosure was made to listing authorities under the Securities and Exchange Board of India listing rules and the SEBI master circular of November 2024. The notice set out the nature of the contract as commercial and awarded by an international entity. The order is to be executed in the ordinary course of business and carries an estimated contract value of Rs four point eight three million (..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement