India is already a key market for wind power investment and is expected to remain so.
It has an installed capacity of around 12 GW, ranking fifth in terms of global installed capacity and third in annual capacity growth, according to figures from the Global Wind Energy Council. India has a great untapped potential for wind energy. According to the Centre for Wind Energy Technology, an autonomous institution under the Government of India the country’s potential stands at 48,561 MW considering only 1% of land availability. But some experts think that this figure is conservative side, and that technological improvements could significantly
The Indian wind energy market remains hugely attractive for investors due to the country’s resilient economy and the pro-wind policies adopted by central and state governments, including:
- Tax and duty waivers on wind turbines, components and wind energy generation.
- The Renewable Portfolio Standard (RPS), which requires utilities to purchase a proportion of their energy from renewable sources and is expected to spur growth in the entire renewable energy.
- Generation-based incentives (GBI) to promote investments by large independent power producers and energy utility companies.
Find out more about RPS
Find out more about GBI
Its wind-rich regions are mainly in the south and the west, where the windy season is closely linked to the monsoons. The wind regime is moderate, with most of the region classified as IEC Class IIA. IEC classifications allow us to select the right turbine for a site based on wind data.
Find out more about wind classes
The southern state of Tamil Nadu has the most installed capacity, but states such as Maharashtra, Gujarat and Karnataka are now offering attractive feed-in tariffs and wind energy incentives.