India set a new record for yearly addition of wind energy capacity in FY 2025-26, with 6.1 GW built, according to Union Minister for New and Renewable Energy Pralhad Joshi, who made the announcement on Wednesday.
At the Wind Independent Power Producers Association (WIPPA) foundation day ceremony, the minister brought attention to the fact that India is the world leader in wind energy, with more than 56.1 GW of installed capacity and another 28 GW in the planning stages.
Joshi referenced the estimated 1,164 GW of wind generating capacity in India at a hub height of 150 meters, highlighting the enormous potential of the sector. In order to reach its net-zero goal by 2070, he is confident that the country would reach 100 GW capacity by 2030 and 156 GW by 2036.
With roughly 45% of generation happening during peak demand hours, especially in the evening and night, the minister emphasised the strategic importance of wind power in balancing the electricity grid, highlighting how it complements solar power.
As an example of a policy endeavour, Joshi mentioned that the government has implemented a Renewable Purchase Obligations component specifically for wind power to guarantee steady demand. Investor confidence is being bolstered and domestic manufacturing is being promoted through measures such as the enforcement of Late Payment Surcharge rules, transparent bidding processes, and the implementation of the Approved List of Models and Manufacturers (ALMM).
He went on to say that India’s domestic manufacturing ecosystem is strong, with a yearly capacity of more than 24 GW and indigenisation levels of 70-80 percent, all backed by a reliable supply chain for essential components.
Hybrid and continuous renewable energy projects are being supported by the government in an effort to address industry issues including curtailment, transmission delays, and Deviation Settlement Mechanism penalties, all while aiming to increase grid efficiency.
Additionally, Joshi mentioned that the sector is being strengthened by efforts such as Green Energy Open Access, repowering of older turbines, and the expansion of transmission infrastructure under the Green Energy Corridor. Another option being considered for investment mobilisation is the use of innovative financing methods, such as credit enhancement frameworks and blended finance.
Revenue stability and market expansion are anticipated outcomes of a 500 MW trial project that was just established under the Contracts for Difference approach, according to him.
India has a great chance to become a reliable manufacturing base for wind energy, according to the minister, because of the changing dynamics of the global supply chain.
Image Credit: News On Air
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