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Wind industry growing to achieve 80 GW and beyond

By Niranjan Mudholkar,

Added 02 July 2018

Estimates an investment of Rs 3 Lac crores by 2022

Tulsi Tanti, Chairman IWTMA said, "The wind industry is committed to deliver on Prime Minister's vision of Make in India and achieve 40% of total installed power capacity from non-fossil fuels by 2030. We will strive to achieve the expanded government target of 80GW wind by 2022. Wind Sector currently provides employment to more than 2 million people and has the potential to create 5 million job opportunities in next two decades. We believe with the right policy framework and ecosystem India has the potential to develop export economy in Wind of more than 5 GW by 2022. India is poised to become the global manufacturing hub for wind energy."

Tanti further added, "With the advent of bidding regime, there is clear visibility of volumes for next 5 years. The exponential volume growth of ~12-15 GW per annum expected creates economies of scale and thereby offsets the concerns of low tariffs. It is a win-win situation for all stakeholders. Additionally, India is best positioned to become the export hub owing to its cost competitiveness, mature wind energy value chain and technology-edge. However, we need to create a level playing field for SMEs specifically to take part in the wind energy programme. "

Investments in renewable energy sector in India are decisive for the climate change targets set in the Paris Accord. Wind sector is committed to provide Affordable and Sustainable Energy to all, thereby enable India's Energy Security.

Speaking on the occasion KS Popli, Chairman and Managing Director, IREDA said, "We welcome the government push in the renewable sector. India is fast emerging as key renewable player on the global stage. However, to sustain the growth and achieve the goal it is imperative that all stakeholders collaborate under the aegis of the MNRE. I would urge the financial institutions to extend support to the wind and renewable energy sector to enable India's Energy security and clean energy targets."

END