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India Wind Power Market Overview

India Wind Power Market Overview

Bonafide Research 01-05-2015 58 Pages Figures : 11 Tables : 5
Region : Asia-Pacific Country : India Category : Energy & Utility Alternative & Renewables

1. Gamesa Renewable Private Limited

2. Inox Wind Power Limited

3. ReGen Powertech Private Limited

4. Suzlon Energy Limited

5. Wind World (India) Limited

Wind power is extracted from air flow using wind turbines or sails to produce mechanical or electrical power. Wind energy as an alternative to fossil fuels, is plentiful, renewable, widely distributed, clean, produces no greenhouse gas emissions during operation, and uses little land. The net effects on the environment are generally less problematic than those from non-renewable power sources. Offshore wind power refers to the construction of wind farms in large bodies of water to generate electricity. These installations can utilize the more frequent and powerful winds that are available in these locations and have less aesthetic impact on the landscape than land based projects. However, the construction and the maintenance costs are considerably high. In 2011, India saw an unprecedented $10.3 billion investment in clean technology, of which $4.6 billion was invested in wind energy. This accounted for approximately 4% of the world’s clean technology investments in 2011. Wind potential is concentrated in southern, western and north-western regions and grid connected wind power projects have been operational predominantly in 8 windy states i.e. Tamil Nadu, Maharashtra, Gujarat, Rajasthan, Karnataka, Andhra, Madhya Pradesh and Kerala. Wind energy has been the biggest contributor to the share of renewable energy in southern region. According to “India Wind Power Market Overview”, in the first half of financial year 2014-15, capacity additions in states like Rajasthan have gone up to 108 megawatt (MW) from 35 MW last year, while Madhya Pradesh saw 94 MW of capacity in 2014 from no capacity being added during the same period in 2013, while a traditionally strong state Maharashtra saw a sharp fall in new windmill additions due to policy uncertainties. India has a long coastline of over 7500 kilometres. In April 2012, the Ministry for New and Renewable Energy constituted an Offshore Wind Energy Steering Committee under the chairmanship of the Secretary, MNRE, to drive offshore wind power development in India in a planned manner. As India faces rising fuel prices, threats to energy security, and the impacts of climate change, renewable energy offers a critical solution. India’s solar and wind programs have already catalyzed remarkable growth. “India Wind Power Market Overview” discusses the following aspects of wind power in India: The report gives an in-depth understanding of wind power market in India: - Global Wind Power Market Outlook - Global Wind Power Market Size By Investment in Renewable Energy Sector - Global Wind Power Market Size By Total Installed Capacity - Global Wind Power Market Segmental Analysis: By Company, By Region, By Country, By Type - India Wind Power Market Outlook - India Wind Power Market Size By Investment in Renewable Energy Sector - India Wind Power Market Size By Total Installed Capacity & Forecast - India Wind Power Market Segmental Analysis: By Company, By Region, By State - The key vendors in this market space This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. Report Methodology The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various manufacturers of wind turbines in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

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