New Delhi: India’s wind energy capacity installation has seen an unprecedented jump in the first quarter of the current fiscal as projects totalling 1.13 GW were installed across the country, which is more than the installations achieved annually for the last six years. According to data sourced from the Ministry of New and Renewable Energy (MNRE), India had installed 430 MW of wind energy capacities in the last financial year. In contrast, 1,139.9 MW of wind energy projects have been installed in the June quarter alone in this financial year. This is a jump of around 165 percent year-on-year.
“India has been steadily increasing its wind installed capacity over the years. In 1st Quarter of FY2023-24, India added 1139.9 MW of wind power capacity which is about 3.5 times greater than the average installed capacity for same period during the past 6 years,” said the MNRE.
According to official data, India installed 228.4 MW of wind energy projects in 2017-18, 150.4 MW in 2018-19, 752.5 MW in 2019-20, 108.7 MW in 2020-21, 266.8 MW in 2021-22 and 430.4 MW in 2022-23. With three quarters still remaining in this financial year, the capacity addition is only expected to grow further during this period.
The government has recently chalked out a bidding trajectory under which it has entrusted the renewable energy implementing agencies, like NTPC, NHPC, Solar Energy Corporation of India (SECI) and SJVN, with the task of bidding out 50 GW of Renewable Energy (RE) projects every year. This 50 GW will include 10 GW of wind energy projects every year. The bidding plan has been prepared keeping in mind India’s commitment to put in place 500 GW of non-fossil fuel-based power generation capacity by 2030.