New Delhi: India’s wind energy sector is at a pivotal phase, with consistent policy support needed to position the country as a global hub for renewable energy production, industry leaders said on Thursday. “We are in a pivotal phase for wind energy, and with consistent policy support that encourages domestic manufacturing and innovation, including measures like strengthening RLMM requirements, India can become a global hub for renewable energy production,” said JP Chalasani, CEO of Suzlon Group.
The country’s installed wind energy capacity stands at over 48 gigawatts (GW), and industry experts see the potential to add at least 8 GW annually. Amit Kansal, CEO and Managing Director of Senvion Wind Technology, noted that India’s wind energy sector has witnessed significant growth, with hybrid wind-solar projects reshaping the landscape. “With the government’s goal of 140 GW of wind power by 2030 and recent investments exceeding $10 billion annually in renewable energy, this progress is critical to meeting India’s renewable energy targets and driving sustainable development,” Kansal said.
However, industry leaders pointed to land availability as a key challenge. Chalasani emphasised that while India is ready to ramp up wind energy capacity, overcoming bottlenecks such as land acquisition remains crucial.
Parag Sharma, President of Wind Independent Power Producers Association (WIPPA), added, “Decisive and consistent policy support, along with timely power purchase agreements (PPAs), is essential to attract investments and drive smart innovations in the sector. Strategic collaborations, cost-reflective tariffs, and supportive market mechanisms will accelerate capacity addition, ensuring that wind energy plays a leading role in India’s renewable future.”
These remarks were made at a press conference held ahead of Windergy India 2024, a major international trade fair and conference set to take place in Chennai later this month. The event will feature over 300 exhibitors from across the globe and focus on advancing wind energy as part of India’s ambitious renewable energy goals.
