Report Launch: Capturing Green Recovery Opportunities from Wind Power in Emerging Economies
23 February 2022 | 15:00-16:00 GMT
India
GWEC India and MEC+ team up to catalyse growth in India’s wind industry through enhanced knowledge partnership
The Global Wind Energy Council India (GWEC India) and MEC Intelligence (MEC+) announced today that the two organisations have signed a Memorandum of Understanding (MoU) to work together on building out market intelligence and evidence-driven policy recommendations to accelerate India’s energy transition.
Editorial: Accelerating wind power growth in India and driving a green recovery with GWEC India
As the third largest carbon emitter in the world, decarbonising India’s energy system is crucial to achieve global decarbonisation targets and support international efforts to keep global warming under 1.5°C pre-industrial levels – and wind power will play a key role for India to achieve the country’s climate targets.
Market to Watch: Offshore Wind in India – Key policy advances can lead to rapid gains for the sector
Onshore wind energy currently stands as the second largest renewable energy sources in India – the world’s third-largest producer and fourth-largest consumer of electricity. Aiming to ensure energy security through the country’s Low Carbon Emission Pathways, there is a clear need for renewables to play a bigger role in diversifying its energy mix, not only to limit the effects of global warming, but also to reduce pollution, create new economic opportunities, and achieve Prime Minister Modi’s vision of ‘Atma Nirbhar Bharat’, or a ‘Self-reliant India’.
Industry Pulse: India Wind Targets Are Sensitive to Policy and Regulations
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.
India must intensify policy reforms to revive wind growth beyond 50 GW by 2022: GWEC and MEC+
According to a new report released today by the Global Wind Energy Council (GWEC) and MEC+ (MEC Intelligence), India’s wind energy capacity can only realistically reach 50 GW by 2022. India Wind Outlook Towards 2022: Looking beyond the headwinds objectively analyses the factors which have led to a drag on market growth for India’s wind energy industry over the past two years, and provides an assessment on the forecast along with a pathway to overcome these challenges to realise the high potential of the market.
