Asia Report: India’s Wind Power Capacity Expected to Balloon by 2020, Says GWEC

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Renewable Energy World

India’s installed wind power capacity is expected to reach 89 GW by 2020 and 191 GW by 2030, according to a new report. This expansion in wind power is expected to attract $16.5 billion of annual investment, create 179,000 jobs and abate 179 tonnes of CO2 annually, the Wind Energy Outlook reported.

“Power shortages and energy security are both critical issues for India’s rapidly growing economy,” said Global Wind Energy Council (GWEC) secretary general Steve Sawyer. “Wind is already cost-competitive with heavily subsidized fossil fuel-based energy in several Indian states and its competitive position will only improve over time. But we need effective national energy policy, coordination with states, investments in the grid and policy stability for wind power to fulfill its potential in India.”