India is Looking to Reach 100 GW of Wind Power Capacity by 2022​

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India is Looking to Reach 100 GW of Wind Power
Capacity by 2022
Indias renewable energy capacity is early 13
percent of total generation capacity. Of the
total renewable energy generation, wind energy
currently makes up the majority with nearly 70
percent. The countrys 100 GW wind energy
potentialalmost half of Indias total
electricity generation capacity in 2013...
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Introduction

• After the conclusion of Paris Climate
  Agreement in 2015, India is all set to move
  towards cleaner and more sustainable energy
  future and an emission-free development path.
  Efforts are also required to be directed towards
  efficient usage of electricity. New initiatives
  are being planned to unleash the clean power
  generation capacity of India through harnessing
  renewable sources such as wind and solar. Around
  70 of the total renewable energy generation
  capacity is contributed by wind energy. India is
  already worlds fifth largest producer of wind
  energy with 20 GW (gigawatts) of installed
  capacity. The projected target is 100 GW of wind
  power generation in India by 2022. This is
  achievable and India is ready for it.

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Wind Power Generation Capacity in India

• Indias wind energy market has a tremendous
  potential and plans are being already initiated
  to make suitable policies and programs to harness
  wind energy and achieve the target of 100GW. In
  this respect, the biggest step is to launch
  National Wind Energy Mission in next couple of
  months. The Missions primary goal will be to
  ensure addition of 10GW of wind power generation
  capacity in India every year until 2022. This
  way, a total of 70-80GW capacity will be added to
  existing operational capacity of 22.5 GW to help
  India successfully reach the 100GW target.
  Government has also set-up plans to take
  appropriate measures to ensure efficient usage of
  electricity thus generated.

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National Wind Energy Mission

• The National Wind Energy Mission will be
  implemented through schemes such as attracting
  foreign investment into wind sector and providing
  low-cost finance through national agencies.

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Wind Power in Jath, Maharashtra

• Due to the continuous increase in the tariffs for
  wind energy projects over last 2-3 years, several
  leading wind energy companies from across the
  globe have already started investing in Indias
  wind market.

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Critical Incentives Re-Introduced By The Ministry
Of New And Renewable Energy

• Accelerated Depreciation wherein power developers
  can enjoy tax benefits by reducing their taxable
  income (by depreciating the value of their
  capital assets) during initial years of the
  project.
• Continue the Generation Based Incentives (GBI
  Rs. 0.50 per Kilo-watt hour for a period of 4-10
  years with a cap of Rs.10 million per MW) even
  after the 12th Five Year Plan.

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Offshore Wind Energy Market

• India has initiated plans to develop offshore
  wind energy market to realize its potential to
  develop 350 GW of offshore wind energy. A 100 MW
  of wind energy project off the coast of Gujarat
  is already announced. Additionally, a 300 MW of
  offshore wind energy project in Gujarat is also
  announced by Suzlon Energy.

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Low-Capacity And Aging Wind Turbines For Improved
Efficiency

• The Ministry also has plans to repower
  low-capacity and aging wind turbines for improved
  efficiency, higher energy yield and grid
  integration.

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Conclusion

• Investment is the key to have a matured and
  successful wind energy market. In order to
  increase renewable energy investments in India,
  its therefore crucial to provide strong policy
  support and increase financiers confidence. The
  soon-to-be-launched National Wind Energy Mission
  is expected to work in this direction and
  facilitate wind power generation in India.

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