India Wind Power Sector Poised for Growth Amidst Challenges & Investment Opportunities

The latest report from Eninrac Consulting, India Wind Power Sector Digest: Trends, Insights & Pathways, highlights the transformative growth in India's wind energy sector. With 21 Indian states contracting over 100 GW of wind energy by 2030 to meet Renewable Purchase Obligations (RPOs), the sector is experiencing a major push towards clean energy diversification.

Even states with limited wind potential, such as Odisha, Jharkhand, Punjab, and Bihar, are importing surplus wind energy from wind-rich states to strengthen their renewable energy mix. Wind energy, which accounts for 19% of India's green energy demand, has emerged as a strategic solution for round-the-clock power supply, reducing reliance on thermal energy.

India’s Wind Energy Growth & Economic Impact

The report underscores the economic benefits of wind energy, including the potential to create thousands of jobs in wind turbine manufacturing. With a production capacity of 17.5 GW of wind turbines annually, India is positioning itself as a global exporter of wind energy components, targeting markets such as Australia, Europe, and the USA.

Looking forward, India's National Electricity Plan projects an installed wind capacity of approximately 73 GW by 2026-2027 and 122 GW by 2031-2032. However, challenges such as land allocation difficulties, delayed payments, and regulatory hurdles continue to slow sectoral expansion.

Investment & Policy Support for Wind Energy

The 2025-26 Union Budget has allocated ₹500 crores for wind energy projects and ₹31 crores for research & development. Additionally, India has witnessed a surge in foreign direct investment (FDI) in wind energy, increasing from ₹4,695 crores ($588 million) in 2022-23 to ₹7,329 crores ($885 million) in 2023-24.

Further reinforcing India's wind sector, Suzlon Energy has announced its collaboration with the government to develop a 3,000 MW wind energy project and a Wind Turbine Blade Manufacturing Facility in Vijayapura.

Unlocking Opportunities in Wind Energy

The report provides deep insights into:
✔ Market Trends & Growth Projections for wind power
✔ Government Policies & Incentives shaping the sector
✔ Technological Advancements & Cost Reductions in wind energy
✔ Challenges in Scaling Up Wind Power & solutions to address them
✔ Investment Opportunities & Market Forecasts

With the right policies and continued investment, wind energy will play a pivotal role in India's clean energy transition, helping achieve its ambitious 500 GW renewable energy target by 2030.

For more insights, access the full report at Eninrac Store.