India’s 2022 Wind Energy Targets, Appear A Far Fetched Dream

In Wind, Clean Facts, Clean Truth, News, Renewable Energy
wind energy

India is likely to fall short of its ambitious wind energy target for 2022 by up to 10 gigawatt (GW) if urgent regulatory challenges are not addressed, according to the Global Wind Energy Council (GWEC)and MEC+ report. 

The country’s total wind energy capacity would only reach 50 GW by 2022 as existing pipeline and new auctions face multiple challenges. India has set an ambitious 175 GW renewable energy target by 2022, of which 60 GW is due to come from wind energy.

In 2020, supply chain disruptions due to the COVID-19 impact would further compound existing challenges to delay about 0.7 GW to 1.1 GW in new volume to 2021 and also possible cancellation of some planned auctions.

“Project installation has been decelerating recently, with only 2.3 GW installed in 2019, nearly half of the 4.1 GW installed in 2017. Even in the high case scenario, the country is likely to fall short of its ambitious wind energy target for 2022,” said the report titled ‘India Wind Outlook Towards 2022: Looking beyond the headwinds ’.

The government has put in place ambitious renewable energy targets in order to fulfil the country’s growing energy demand, which is set to double over the next 10 years…

Setting realistic prices, a faster build out of grid infrastructure, ensuring market liquidity and streamlining land allocation and site development will be crucial to revive auction appetite and accelerate execution of India’s pipeline of wind energy projects.

Reference- Economic Times, Report titled ‘India Wind Outlook Towards 2022: Looking beyond the headwinds ’

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