Wind power is the largest segment in the renewable energy market in India. The industry is growing at a rate of 34% per annum since 2004 and is estimated to be worth USD 2.5 bn. Considering the potential capacity in India, there are tremendous opportunities for investing in this eco-friendly energy industry.
The report begins with an overview of the industry including size and growth figures. Industry drivers such as government initiatives – central and state level, cost competitiveness, and a global shift towards clean energy are discussed. Challenges include the variable nature of wind as a source of power, land procurement, and infrastructural challenges.
The key trends discussed are the shift of manufacturers to the Independent Power Producer (IPP) model, increasing interest in offshore wind energy, and the entry of large energy companies. Competition covers the key manufacturers and players with their capacities as well as the wind power installations in India.