Indian Wind Power
Projected wind growth 2011 to 2016
- Installed Capacity: 14,000 MW
- Projected Growth of 20,000 MW
- 5,000 MW projected wind capacity of Mytrah Energy Ltd
- Projected Capacity: 34,000 MW
As in many parts of the world, the Indian government has pushed for a larger share of renewable power generation. Although the process of turning green has only recently started, the initial results are very clear; in April 2011, the Central Electricity Authority (“CEA”) estimated renewable energy capacity at 18.5 GW, approximately 11% of India’s total installed capacity, with the view that by 2020 it will be at 20%.
Although not dependent on government incentives for profitable operation for wind power companies with the right capital costs, the government has encouraged renewable energy generation principally through generation based incentives and renewable energy certificates. Through renewable purchase obligations states are required to purchase a minimum of 10% of their annual energy purchases from renewable sources by 2012 and 20% by 2020. This would suggest that by the end of the twelfth Five Year Plan in 2016, 64GW of clean energy is needed.
Focus on Wind:
With installed capacity of 14 GW as of March 2011, India is the fifth largest wind power market globally and the third largest in terms of new capacity in 2010. This accounts for 72% of India’s renewable capacity and is expected to increase to 24 GW by 2013. The potential for wind energy in India is marked by the country’s overall economic growth, as well as the country’s strong incentive to push forward renewable energy technology.