India’s Wind Energy Capacity Installations Surge to Record Levels in Q1 FY2023-24


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India has witnessed a remarkable surge in wind energy capacity installation during the first quarter of the current fiscal year. The country installed a total of 1.13 GW of wind projects in this period, surpassing the annual installations achieved over the past six years.

Data from the Ministry of New and Renewable Energy (MNRE) reveals that India had installed only 430 MW of wind capacity in the previous financial year, whereas the June quarter alone witnessed installations of 1,139.9 MW. This represents a significant year-on-year increase of approximately 165%.

The MNRE highlighted India’s consistent growth in wind capacity, noting that the Q1 FY2023-24 additions were 3.5 times higher than the average installations during the same period over the past six years. The official data shows a gradual increase in wind energy installations, with 228.4 MW in 2017-18, 150.4 MW in 2018-19, 752.5 MW in 2019-20, 108.7 MW in 2020-21, 266.8 MW in 2021-22, and 430.4 MW in 2022-23. With three more quarters remaining in the fiscal year, the capacity addition is expected to continue growing.

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To support this rapid growth, the government has outlined a bidding trajectory that involves renewable energy implementing agencies such as NTPC, NHPC, SECI, and SJVN. These agencies will be responsible for bidding out 50 GW of renewable energy projects annually, including 10 GW of wind energy projects. This plan aligns with India’s commitment to achieving 500 GW of non-fossil fuel-based power generation capacity by 2030.

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