India’s renewable energy industry is one of the most dynamic in the world. With a rapidly growing economy, an expanding population and an unprecedented thirst for power, wind is increasingly being seen as an essential part of the domestic energy mix.
However, it is widely known that there are key challenges to be overcome in order to achieve the renewable energy target of “40 gigawatts (GW) by 2022”. Key issues surround securing finance, sustainable government policy, the domestic manufacturing environment among others.
“The government has liberalised capital inflows, so we can expect more foreign investment for projects” (sic)
Sunil Jain, the chief operating officer of Green Infra, an IPP that was founded in 2008 to develop wind, hydro, solar and biomass projects. Estimates of wind energy potential in India have been rising rapidly in recent years. In 2010, India’s Center for Wind Energy Technologies put it at just 103 gigawatts (GW). Then a joint study by Harvard University and the Technical.
Research Center of Finland assessed it at about 1,000 GW. Most recently, the well-respected Lawrence Berkeley National Laboratory, in California, reported that India could have between 2,006 GW and 3,121 GW of wind capacity. The study said greater e ciency in wind production, improvements in turbine technology, and greater use of geographic information systems (GIS) to identify sites, have all contributed to the higher forecasts.