Chennai: The wind energy sector will require Rs 1.8 to 2 lakh crore capex to increase its capacity by 2.5 times to 25 GW by 2028.
India added a wind capacity of 3.0 GW per year between 2014 and 2018. However, the pace slowed down to 1.7 GW between 2018 and 2023 owing to lack of connected sites with high wind potential and diminished returns for developers following aggressive bidding.
Among policies and initiatives for the sector, the government has set a target to auction 50 GW of renewable projects every year, including 10 GW of standalone wind projects for reinvigorating wind capacity additions. Since the start of FY23, auctions of around 5 GW standalone wind projects have happened against 3 GW auctioned in FY21 and FY22.
Auctions of hybrid and storage-linked projects are also on the rise – up from 4 GW in FY21 and FY22 to nearly 18 GW in FY24 and FY23. Storage-linked and hybrid projects would lead to higher wind additions. Nearly 30 to 50 per cent of the projects will comprise…