
Wind Power Market in India 2022 – 2027
Description
Wind Power Market in India 2022 – 2027
Wind power or wind energy harnesses the wind to generate mechanical power or electricity
Wind turbines convert wind kinetic energy into mechanical power, which can be used for specific tasks (such as grain grinding or water pumping) or converted into electricity by a generator. The growth of the wind power capacity has resulted in a robust ecosystem, enhanced project operation capabilities, and a manufacturing base of approximately 10,000 MW per year. The cumulative installed wind power capacity stood at 40.36 GW in FY 2022. It is expected to reach 52.48 GW by FY 2027, expanding at a CAGR of 5.84% during the FY 2023 – FY 2027 forecast period.
Government initiatives:
The Ministry of Power has extended the waiver on charges of the Inter-State Transmission System (ISTS) on the electricity transmission generated by solar and wind sources for projects scheduled to be completed by June 30, 2025. Furthermore, the order encourages the development of solar, wind, hydro-pumped storage plants (PSPs), and battery energy storage systems (BESS), along with the trading of renewable energy (RE) in power exchanges and the seamless transmission of RE power across states.
COVID-19 impact analysis:
All energy consumptions related to aviation, transportation, commercial activities, and industry have decreased dramatically due to the severe lockdown measures, while residential activities have significantly increased. As most business activities came to a standstill, there was a remarkable drop in power demand (up to 30%) that led to a 25% fall in exchange prices during the peak of the pandemic in 2020. The demand from commercial and industrial (C&I) consumers had declined by about 18% during the 2020 – 2021 period.
Wind power or wind energy harnesses the wind to generate mechanical power or electricity
Wind turbines convert wind kinetic energy into mechanical power, which can be used for specific tasks (such as grain grinding or water pumping) or converted into electricity by a generator. The growth of the wind power capacity has resulted in a robust ecosystem, enhanced project operation capabilities, and a manufacturing base of approximately 10,000 MW per year. The cumulative installed wind power capacity stood at 40.36 GW in FY 2022. It is expected to reach 52.48 GW by FY 2027, expanding at a CAGR of 5.84% during the FY 2023 – FY 2027 forecast period.
Government initiatives:
The Ministry of Power has extended the waiver on charges of the Inter-State Transmission System (ISTS) on the electricity transmission generated by solar and wind sources for projects scheduled to be completed by June 30, 2025. Furthermore, the order encourages the development of solar, wind, hydro-pumped storage plants (PSPs), and battery energy storage systems (BESS), along with the trading of renewable energy (RE) in power exchanges and the seamless transmission of RE power across states.
COVID-19 impact analysis:
All energy consumptions related to aviation, transportation, commercial activities, and industry have decreased dramatically due to the severe lockdown measures, while residential activities have significantly increased. As most business activities came to a standstill, there was a remarkable drop in power demand (up to 30%) that led to a 25% fall in exchange prices during the peak of the pandemic in 2020. The demand from commercial and industrial (C&I) consumers had declined by about 18% during the 2020 – 2021 period.
Table of Contents
78 Pages
- Chapter 1: Executive Summary
- Chapter 2: Socio-economic Indicators
- Chapter 3: Introduction
- 3.1. Market definition and structure
- 3.2. Government organizations that control the renewable energy market
- Chapter 4: Global Wind Power Market An Overview
- 4.1. Global ranking in terms of installed wind power capacity (GW) (2020)
- 4.2. Global ranking in terms of share of wind energy in their electricity mix (2020)
- Chapter 5: Wind Power Market in India An Overview
- 5.1. Wind power market in India An Overview
- 5.1.1. Wind power installed capacity and growth forecast (FY 2021 FY 2027e)
- 5.1.2. Wind power capacity addition (FY 2011 FY 2022)
- 5.1.3. Wind power generation in billion units (FY 2014 FY 2022)
- 5.1.4 Share of wind generation in total power generation (FY 2014FY 2022)
- 5.1.5. Total installed power capacity (FY 2011 FY 2022)
- 5.1.6. Share of wind power out of total power capacity (FY 2011 FY 2022)
- Chapter 6: Wind Power Market in India Segmentation
- 6.1. Region-wise wind power installed capacity
- 6.1.1. State wise wind power installed capacity (as of September 2022)
- 6.1.2. Region-wise Wind Power Repowering Potential Capacity
- 6.1.3. State wise wind potential at 100 m
- 6.1.4. State wise wind potential at 120 m
- Chapter 7: Government Initiatives
- 7.1. Government initiatives
- Chapter 8: Impact of COVID-19
- 8.1. Impact of COVID-19
- Chapter 9: Trade Analysis
- 9.1. Trade Analysis
- Chapter 10: Market Influencers
- 10.1. Market drivers
- 10.2. Market challenges
- Chapter 11: Competitive Landscape
- 11.1. Adani Power Limited
- Company information
- Business description
- Products/Services
- Senior management
- Note: Similar information covered for all other companies on best-effort basis
- 11.2. Indowind Energy Limited
- 11.3. Orient Green Power Limited
- 11.4. ReNew Energy Global Plc
- 11.5. Suzlon Energy Limited
- 11.6. The Tata Power Company Limited
- 11.7. Torrent Power Limited
- 11.8. Chiranjjeevi Wind Energy Limited
- 11.9. Sembcorp Energy India Limited
- 11.10. Wind World (India) Limited
- Chapter 12: Recent Developments
- 12.1. Recent developments
- Chapter 13: Appendix
- 13.1. Research methodology
- 13.2. About Netscribes
- 13.3. Disclaimer
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