The Indian wind energy sector is poised to add more than 5,000 MW generation capacity annually by 2015 on account of technological and policy changes.
According to D V Giri, Chairman of the Indian Wind Turbine Manufacturers Association, the Indian wind energy sector is poised to add more than 5,000 MW generation capacity every year by 2015, as reported by The Economic Times
The Association has given the data, which reveals that India has around 11,000 MW of installed wind energy capacity, while the utilization (plant load factor) ranges from 15% to 20%.
Even in tough economic conditions (slowdown), the country recorded a significant addition in capacity generation. For instance – the country had added 1,485 MW capacity in 2008-09 and in 2009-10, the capacity addition stood at 1,576 MW. In the current year, the capacity addition is expected to be around 2,000-2,200 MW.
Further, the wind energy sector has recorded a significant development in terms of technology and policy. In the backdrop of technological development (i.e. the installation of 250-500 kilowatt machine at 30 Meters height), the country has the potential of nearly 48,000 MW capacity installations. However, the introduction of new technology with more taller and powerful machines, the total potential could be realized, said the Association.
Moreover, the growth of Indian wind energy sector will propel the growth of the related manufacturing sector also. According to a market research report titled “Wind Power: Opportunities in Emerging Markets
” by RNCOS
, some companies are sourcing over 80% of components for their wind turbines in India. This indicates strong growth prospects for the manufacturing sector, provided installations keep on increasing in the country.
As per a Senior Research Analyst at RNCOS
, “Wind energy projects are poised to become an important element of the country’s energy planning. Corporates take these projects as a part of tax planning. However, the country has to deal with a serious issue - “lack of projection on power generation.” This is one of the main reasons for the wind power generators not pay much attention on the merchant power units because they have to make a commitment of a certain power supply numbers.”
“Nevertheless, Indian has engaged a UK-based consultant for making future wind projections. In the beginning, the consultant will concentrate on Karnataka and Tamil Nadu. The availability of real-time forecasting will help India to make forecast with 70% accuracy on the generation numbers.”
Related Market Research Reports:
China Wind Sector Analysis
Indian Solar Energy Market Outlook 2012
South Korean Energy Sector Analysis