The Government of India has announced an achievable Renewable Energy target of 500 GW of clean energy sources by the year 2030, out of which 140 GW will be coming from wind power. The wind energy potential in India is very high, estimated at 695.5GW at 120m in height.
Renewable Energy Sources (excluding large Hydro) currently account for 27.5% (109,885 MW) of India’s overall installed power capacity of 399,496 MW (31.03.2022). Wind Energy holds the major portion of 36.7 % of total RE installed capacity. The country currently has the fourth-highest wind installed capacity in the world, with a total installed capacity of 40.358 GW as of March 2022.
India is blessed with a coastline of about 7600 km and has good prospects of harnessing offshore wind energy. Gujarat and the Tamil Nadu States have identified a high potential for offshore generation. Ministry of New and Renewable Energy, Govt. of India (MNRE) has set a target of 30 GW offshore installations by 2030.
In India, most of the leading wind turbine manufacturers have established their facilities. India has a strong supply chain of wind turbine component manufacturers, and Indian wind turbine manufacturers have already started focusing on the export market demand, apart from meeting the domestic market demand.
To read more about India's wind energy sector in 2021, read their chapter in the 2021 Annual Report.