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Market Overview
Market Overview
Market Overview
INDIA:
SNAPSHOT
India ranks 3rd worldwide in terms of total installed
wind power
Wind turbine technology has been greatly indigenized, and is robust and mature
Progressive policies, regulatory support, Progressive policies & regulatory support such as Renewable Power
Obligation (RPO), Generation Based Incentives ( GBI), Prime Ministers National Action Plan on Climate and fiscal
incentives for private investors have been driving the growth of wind power in India
Other attractive policy initiatives such as REC, TTC are also on the anvil by the GoI
Going forward, the market is expected to witness the emergence of large scale development propelled by local and
international Independent Power Producers (IPPs), on similar lines as other major global markets
As per Ministry of New and Renewable Energy (MNRE), a target of 14000 MW from Grid Interactive Renewable power
has been planned for 11th Five Year Plan period (2007 to 2012); of this, 10,500 MW will be generated from wind