Wind Power Installations & Tariff Dynamics in India: Tracking the Breeze of Change!

Wind Power Installations in India – A Know How India is the fourth largest annual wind power market across the globe and provides great business opportunities for both domestic and international players. Wind energy in India currently dominates the overall renewable energy portfolio with driving close to 61% of it. It is significant to note that with a single digit capacity of about 7GW in 2006, wind power generations in India have reached to a level of 28 GW during 2016. However, past trends clearly indicates the development trajectory of  wind power installations in the country but given the impetus that solar energy has received in last two years, a certain slow down in the growth of wind energy market has been witnessed in India Performance of Indian States for Developing Wind Energy With the re-introduction of Accelerated Depreciation (AD) benefit in 2014 and extension of Generation Based Incentives (GBI) till 12th FYP in the Indian wind power segment has given a significant boost to the wind power installations in the country. Additionally, the impetus that Indian government is giving on developing the renewable energy sources, is certainly indicating a strong market for all the RE players including wind power

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*The views expressed in this article are solely those of enincon perspectives and do not necessarily represent those of Enincon LLP.