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The newly released report “Wind Power Market in India (2025–2030)”, now available on ResearchAndMarkets.com, projects robust growth for India’s wind energy sector. According to the report, the country’s cumulative installed wind power capacity, which stood at 48.16 GW in FY 2024, is expected to rise to 89.49 GW by FY 2030. This expansion reflects a compound annual growth rate (CAGR) of approximately 11.26% during the forecast period.
The Indian wind power market encompasses the development of wind farms, procurement and manufacturing of wind turbine components, technological innovation, and integration with the national grid. Its growth is being driven by increasing demand for clean energy, India’s renewable energy commitments, and continued government support for sustainable energy production.
Key Growth Drivers
Reduced tariffs on renewable energy generation are making wind power increasingly competitive with conventional sources. These tariff reductions are attracting significant investments—both domestic and international—and accelerating the deployment of wind energy projects. The report highlights that this price advantage is fostering faster infrastructure development and broader market adoption among businesses and consumers.
Emerging Market Trends
Offshore wind energy is identified as a major untapped opportunity. With India’s long coastline offering access to strong and consistent wind speeds, offshore projects are gaining traction. Technological advancements—such as improved offshore turbines and floating platform solutions—are making it feasible and cost-effective to develop wind projects in deeper waters, expanding the potential of this segment.
Government Initiatives Supporting Growth
The report underscores the impact of favorable government programs such as the Generation Based Incentive (GBI) scheme. Under this program, wind energy developers receive a financial incentive of INR 0.50 per unit of electricity fed into the grid, capped at INR 10 million per MW. Coupled with state-level feed-in tariffs, the GBI is aimed at boosting investor confidence and accelerating the rollout of wind energy projects connected to the national grid.
As India intensifies efforts to meet its clean energy targets and reduce reliance on fossil fuels, the wind power sector is poised to play a central role in the nation’s energy transition.
