India Wind Energy Market Outlook 2026 Report

India Wind Energy Market Outlook 2026 Report

Recently the India Wind Energy Market Outlook 2026 report has been released. According to this, the annual installation of new wind power capacities in India will be at the highest level by the year 2024.India Wind Energy Market Outlook 2026 Report

This report has been released by the Global Wind Energy Council. This highlights the increasingly prominent role of wind power in decarbonization and building resilience in grid systems.

India has set a target of getting 50% of its electricity from non-fossil fuel sources by 2030.

Along with this, a target of setting up 60 GW of wind power capacity by the end of 2022 has also been presented.

Key findings of the report-

  • India can install an additional 7 GW of energy capacity from wind power sources by the year 2026. It can do this by formulating efficient policies, providing facilities and through the right institutional measures.
  • The pace of installing wind power capacity in India has been slow since
  • The annual installation of new wind power capacities in India will be at its highest by It will reach 4.6 GW.
  • After 2024, the nature of new projects is likely to be wind-solar hybrid projects.

Key challenges –

  • The arrears of renewable energy generators are increasing. His dues in the year 2021 were Rs 19,400
  • Implementation of projects is getting delayed due to COVID-19 and supply chain constraints.
  • The auction system for awarding tenders was introduced in the year This started the practice of making more competitive bids.
  • Wind power is limited to a few sub-stations in Gujarat and Tamil Nadu. Because of this, it is becoming more expensive than solar energy.

Initiatives taken to promote wind energy

  • Facility of accelerated depreciation benefit has been provided;
  • Concessional customs duty exemption has been granted on certain components of wind power generators;
  • Production Based Incentive (CBI) Scheme has been launched;
  • Interstate transmission charges for wind and solar power have been abolished.

Source – The Hindu

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