By the end of 2022, total renewable energy installed in India stood at 121 GW of total installations with wind contributing 35% of this, making India the fourth-largest wind market in the world, in terms of cumulative installed capacity.
India needs accelerated deployment and commissioning of wind power projects if it is expected to achieve 140 GW of wind capacity by 2030, and advance towards the long-term goal of net zero by 2070. The three major drivers of wind growth in India are:
- Cost competitiveness of wind in the overall mix;
- Compliance of wind RPO targets by states and other obligated entities; and
- Dedicated grid infrastructure for integration