India is set to boost its wind power capacity by nearly 50% through a repowering initiative. This plan will upgrade existing turbines without needing new land. The Indian Wind Turbine Manufacturers Association estimates that this project could enhance the capacity of 5 to 8 gigawatts (GW) of older turbines, according to CEO Aditya Pyasi. The goal is to replace aging turbines with larger, more efficient models to increase output.
Key Details
This initiative comes as India's renewable energy sector grows, especially in wind and solar power. Last year, India installed a record 6.3 GW of wind capacity. Projections suggest that this year's installations could exceed that figure, reaching up to 8 GW. By 2030, annual additions may double to about 14 GW, as noted by Girish Tanti, executive vice chairman of Suzlon Energy, during a recent forum in New Delhi.
Background
India's New and Renewable Energy Minister Pralhad Joshi stated in August that the country is on track to meet its goal of 500 GW of non-fossil fuel power capacity by 2030. India has recently surpassed the 300 GW milestone. To support this growth, India plans to require state-owned utilities to include energy storage solutions. This will help reduce renewable energy curtailments and optimize the use of generated power.
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The upgrade of wind power capacity is likely to benefit the renewable energy sector. This includes wind turbine manufacturers and related supply chains. Increased capacity could lead to less reliance on fossil fuels, affecting coal markets as India shifts to cleaner energy sources.
Investors will look for updates on the timeline for the repowering initiative and any new policies to enhance renewable energy infrastructure.
Based on reporting by: oilprice.com, moneycontrol.com