The Global Wind Energy Council (GWEC) welcomes the recent decision by the Vietnamese government to approve an extension of the Feed-in Tariff (FIT) scheme for wind power in the country. However, the proposed dramatic reduction to the FIT risks seriously damaging the growth of Vietnam’s promising wind power sector, slowing down investment and the creation of new jobs and making it harder for Vietnam to meet growing energy demand.
India is the world’s fourth-largest onshore wind market by installations, with 37.5 GW of capacity as of 2019. Technical potential at 120-metre hub height is a whopping 695 GW, according the National Institute of Wind Energy, and the government has set a wind capacity target of 60 GW by 2022 and 140 GW by 2030. Wind is already the second most competitive energy source on India’s grid.