According to a recent report released by the Global Wind Energy Council (GWEC), the annual installation of new wind power projects in India will peak by 2024 and will likely decline thereafter. Wind power capacity is growing rapidly around the world in an effort to reduce emissions and limit global warming.
India currently has the fourth highest wind installed capacity in the world with a total installed capacity of 39.25 GW (as on 31 March 2021). For this the help of technology can be taken. like; Onshore, which is by far the largest market, offshore, using either fixed-bottom turbines anchored to the ocean floor,
Very small-scale floating structures that can be based in deep water.
Instead of fossil fuels, India has committed to source half its electricity from non-fossil fuel sources in 2030 and to install 60 gigawatts (GW, or 1000 MW) of wind power by 2022.
Main points of the report
The report is published with the title “India Wind Energy Market Outlook 2022-2026. Wind power in India currently has 4 GW of potential projects which are expected to be installed in the market by 2024. India will have 2 GW in 2022 and 2023 It is expected to add 4.1 GW in the U.S., reaching 4.6 GW in 2024, then falling to 4 GW and 3.5 GW respectively over the next two years. After 2024, new projects are likely to be wind-solar hybrid projects.
Recent initiatives taken by the government
(1)National Wind-Solar Hybrid Policy: The main objective of the National Wind-Solar Hybrid Policy, 2018 is to provide a framework for promoting large grid-connected wind-solar PV hybrid systems for optimum and efficient utilization of wind and solar resources. To do.
(2) Transmission infrastructure, and land.
(3) National Offshore Wind Energy Policy: The National Offshore Wind Energy Policy was notified in October 2015 with an objective to develop offshore wind power along the Indian coastline of 7,516.6 km in the Indian Exclusive Economic Zone (EEZ).
(4)Financial incentives: accelerated depreciation benefits; Concessional customs duty exemption on certain components of wind power generators.