Bloomberg News

Indian Wind-Power Growth to Wane on Policy Shortfall, GWEC Says

November 28, 2012

India’s wind-power installations will probably fall at least 37 percent this year as a lack of grid connections, land-acquisition delays and an insufficient regulatory framework hamper growth, according to a report.

The country is likely to install less than 1,900 megawatts, down from a record 3,000 megawatts in 2011, the Global Wind Energy Council said today in its India Wind Energy Outlook 2012.

Investors are building fewer wind farms in the world’s third-largest wind market after two government incentives expired in March. Turbine makers are unlikely to offset the drop in demand by boosting exports as China, the U.S. and Europe have also slowed, according to Bloomberg New Energy Finance.

India’s New and Renewable Energy Minister Farooq Abdullah has asked the government to reinstate the incentives as the country works toward clean-energy targets, he said today in Chennai. India has a goal to generate 30 gigawatts of power from renewable sources by 2017, up from 26 gigawatts, Abdullah said.

The country installed 851 megawatts of wind capacity in the six months through September, compared with 1,403 megawatts a year earlier, according to data from the Indian Wind Turbine Manufacturers’ Association in Chennai.

To contact the reporter on this story: Ganesh Nagarajan in Chennai at gnagarajan1@bloomberg.net

To contact the editor responsible for this story: Sam Nagarajan at samnagarajan@bloomberg.net


Toyota's Hydrogen Man
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus