ENERGIA LIMPIA XXI. GWEC and MEC Intelligence (MEC+) have released the second edition of their joint report on ‘India Wind Energy Market Outlook 2025’, which provides a detailed analysis of wind power’s role as a critical link in the energy transition in India. The report aims to give a perspective on wind power growth in the country from the point of view of the wind sector, and the current and future role of the industry in supporting India’s decarbonisation and climate goals.
Last year’s outlook expected 2020 to be a break-out year for wind installations in India, thanks to a large pipeline and multiple policy interventions to ease execution bottlenecks. However, the impact of the COVID-19 lockdowns in India was more severe than anticipated.
Nonetheless, wind is a critical link to enable India’s green energy transition, and the report forecasts a surge in wind power over the next five years. The report also sets out actions needed to speed up project installation to support the country’s ambitious goal of installing 450 GW of renewable energy capacity by 2030.
The impact of COVID-19 lockdowns on India’s wind energy market was more severe than anticipated, with only 1.1 GW installed out of the 3.3 GW originally forecasted for 2020, but the market is set to bounce back.
India is expected to install nearly 20.2 GW of wind power capacity between 2021-2025, a growth of nearly 50% compared to the 39.2 GW currently installed in the country.