Wind Industry & COVID-19: India Wind Energy Market Outlook & Impact of COVID-19
About the Webcast
As the world’s fourth-largest onshore wind market by installations, India has 37.5 GW of wind capacity as of 2019. Two fundamental drivers are in place to sustain market growth: rising energy demand and political ambition. Over the next 10 years, electricity demand is set to double in the country of 1.35 billion people. Accordingly, India’s government is targeting 175 GW of renewable energy capacity by 2022, of which 60 GW will come from wind energy, and a whopping 450 GW by 2030, of which 140 GW will be wind-based generation.
However, project installation is deflating. Only 2.4 GW of wind capacity was installed in 2019 – nearly half of the 4.1 GW installed in 2017. While more than 17 GW of capacity has been auctioned across the country by various power purchasing agencies in last three years, nearly one-third went unsubscribed or was cancelled post-award due to various factors: stringent tender conditions; low tariff caps; offtaker risks; unavailability of grid; and/or land availability.
Join us for the Webcast on Wind to learn more on what the future holds for India’s wind energy industry and how we can address key bottlenecks to ensure the country meets its ambitious renewable energy goals. Experts will also address how COVID-19 is impacting the Indian wind market, the effects of the ongoing lockdown, future demand-side and supply-side risks and where industry stands today.
- Opening remarks and introduction to GWEC’s COVID-19 Response Hub – Ben Backwell, CEO, GWEC
- Market outlook for India’s wind sector and demand-side risks from COVID-19 – Sidharth Jain, Managing Director, MEC Intelligence
- Policy update and growth opportunities – Amar Variawa, Director Public Affairs Vestas India and SE Asia
- Supply-side impacts of COVID-19 in India – Feng Zhao, Strategy Director, GWEC
- Q&A – Moderated by Francis Jayasurya, India Director, GWEC