Wind Energy: Target of 140 GW of wind power by 2030, 96 percent of wind energy capacity not being utilized

New Delhi| India, being a global leader in the field of wind energy, currently ranks fourth in terms of wind energy installations. Talking about the current time, the country currently has an installed capacity of more than 47 GW. A target of 140 GW of wind power has been set by the year 2030. Despite all this, the country still does not use 96 per cent of the wind energy potential. If attention is paid to this, efforts to achieve net zero by 2070 may intensify. The most prestigious and historic trade fair and conference of Renewable Energy Sector will be held at Chennai Trade Centre, Chennai from 23rd to 25th October regarding Wind Energy.

More than 300 exhibitors from around the world are going to be part of the sixth edition of Wind Energy India, says JP Chalasani, CEO of Suzlon Group. Wind Energy India 2024, is a special industry platform dedicated to wind energy. It is a three-day international trade fair and conference that will bring together industry leaders, policy makers and innovators to achieve India’s desired renewable energy goal and bring progress in the wind energy world. Windergy India has recently been recognized as India’s Fastest-Growing Show at the Exhibition Excellence Awards 2024. It connects innovators, policy makers, controllers and industry leaders in the wind energy industry.

According to JP Chalasani, the stage we are in is a very important stage for wind energy. With measures like continued policy support to sports, domestic manufacturing and innovation and strengthening RLMM requirements, we can establish India as a global hub for renewable energy production. There will be an opportunity to find modern solutions from around 300 exhibitors from 25 countries, as well as from International Pavilions such as Denmark, Spain, the United Kingdom, which confirm the global level of wind energy. With over 7,000 km of coastline, India has the potential to generate over 500 GW of offshore wind capacity. States like Tamil Nadu and Gujarat are ahead in offshore development.

In a historic step, the Union Cabinet has recently approved a 1 GW offshore wind power project in Gujarat and Tamil Nadu with an investment of Rs 7,453 crore. The project is expected to produce 3.72 billion units of renewable electricity annually, reducing 2.98 million tons of CO2 emissions. This reflects India’s objective to drive the energy transition and achieve its Net Zero 2070 targets. JP Chalsani said, under this sector, research and development centers are expanding in the country. Moving forward in this field with New Turbine and AI. Job is created by the development of wind energy. Hundred percent parts of turbines are being prepared in India itself. There are still challenges in this area.

There are many challenges in the country regarding wind energy like grid, land and tariffs. New possibilities of wind energy will be created in states like Gujarat, Tamil Nadu, Karnataka, Odisha, Madhya Pradesh and Rajasthan. Responding to a question, Amit Kansal, CEO and Managing Director, Senvion Wind Technology, said, Ladakh has immense potential for wind energy, but it costs a lot. It is not easy to deliver turbines and wings installed in Ladakh. Delivering wings to other parts of the country is also a challenging task. The event is supported by leading industry leaders as well as several other leading organizations such as Manufacturers of Components, Wind Turbines and Software Solutions as well as Service Providers and Consultants.

Jointly organized by the Indian Wind Turbine Manufacturers Association (IWTMA) and Bengaluru-based trade fair organizer PDA Ventures Pvt Ltd, Windergy India is supported by the Ministry of Power, Ministry of New and Renewable Energy, NITI Aayog. Not only this, this event is also recognized under the Make in India initiative.

‘Pawan’, enhancing India’s energy transformation, is the theme of this two-day conference of Windergy India 2024. This event will discuss new developments in the wind sector. Will demonstrate best innovation. Will also contribute to the discussion on policy framework, technology trends and investment strategy. This curated session assures that during this session, important topics like strengthening the future of wind energy in India, innovative auction mechanisms to achieve the country’s 2030 renewable energy goals and the new Financial Avenue for Green Energy Revolution Post-COP28 will be specially discussed.

In addition to the main conference, Windergy India 2024 will host round table sessions and seminars led by industry experts, including international commissions and leading organisations such as Green Hydrogen Association (GH2), Investment in Denmark, Department of Business and Trade, British High Commission and Development of Industrial Technology (CDTI), Spain. The last day of the program will focus on the future of India’s wind energy sector, with special emphasis on students and academia. It will have in-depth information on technical aspects of wind energy systems, role of renewable energy in the transformation of green economy and creation of sustainable jobs through skill development and technical inspection sessions on wind gearbox, organized by Skill Council for Green Jobs (SCGJ), National Institute of Wind Energy, Nordex and ZF Wind Power.

Amit Kansal, CEO and Managing Director, Senvion Wind Technology, explained, India’s wind power sector is seeing significant growth with an installed capacity of over 47 GW by 2024. The trend scenario towards hybrid wind-solar projects is now changing. The government’s target of 140 GW of wind power by 2030 and the recent investment of more than $10 billion annually in renewable energy, is critical to meeting India’s renewable energy targets and driving sustained growth.

Parag Sharma, President, Wind Independent Power Producers Association (WIPPA), said, by bringing together key stalwarts from the wind energy sector, this platform will further strengthen the role of the wind industry in India’s energy transformation. With a total installed wind power capacity figure of 47 GW surpassed this August and a target of 140 GW by 2030, the industry has reached a turning point. Of course we are ready to enhance capabilities, but decisive and sustained policy support and timely PPAs are important to attract immediate investment. This will increase recruitment and bring smart innovation in the area. Strategic collaboration, coast effective tariffs and supportive market mechanism will accelerate capacity addition, ensuring that wind energy plays a leading role in India’s renewable future.