India’s wind energy industry has visibility of roughly 85 GW capacity set to be commissioned prior to 2030, keeping the sector largely on track to achieve the government's 100 GW wind power target, reports ET quoting Suzlon Energy co-founder Girish Tanti as saying.
"If you add up the bids which have been announced, the projects under development and the projects under construction, already today as an industry, we have visibility about 85 GW before 2030 to be commissioned," Tanti said.
Additionally, bids are expected noting that there are another five years left until 2030. The industry will potentially meet the 100 GW target if stayed on track, he added.
However, he highlighted that continuity and grid readiness in the bidding process as two major hurdles that could slow the expansion of wind power in India.
Conventional power projects take four to six years to build, and the power grid was historically designed to match that timeline. As a result, the rapid expansion of renewable energy has created a mismatch between generation capacity and transmission availability, he explained.
He further stated that he expects the gap to be addressed over the next three years.
The second issue is the continuity of the wind bidding pipeline. According to Tanti, multiple projects have been bid out but power purchase agreements have yet to be signed, causing uncertainty for developers.
Additionally, he stated that India’s next phase of renewables planning should aim for 400 GW of wind capacity by 2047.
