Wind Power Value Chain Essays
Wind Power Value Chain
Energy Alternatives India
These are exciting times for Indian renewable energy, and especially so for solar and wind energy. Investments in renewable energy industry in India have increased from a meager $94.58 million in 2001 to $3.7 billion in 2008, and about $7.2 billion by 2009 - at a CAGR of 72%. A significant part of these investments were in wind energy. For the past few years China has been doubling its cumulative wind energy installed capacity, and by end of 2009, the country had a cumulative installed capacity of 25.1 GW, from 12.1 GW for end-2008 - over 100% growth! During the same year, India added a modest 1.27 GW, raising its total …show more content…
The development of wind power in India began in the 1990s, and has progressed steadily in the last few years. The short gestation periods for installing wind turbines, and the increasing reliability and performance of wind energy machines have made wind power a favored choice for capacity addition in India. Currently, India has the fifth largest1 installed wind power capacity in the world. Wind power accounts for 6% of India's total installed power capacity, and it generates 1.6% of the country's power2. It is estimated that 6,000 MW3 of additional wind power capacity will be installed in India between 2010 and 2012, taking the total installed capacity beyond 15,000 MW. In addition to the progress made in wind turbine installed capacities, the progress of the overall wind energy ecosystem has been encouraging as well. Pointers to this are the increasing number of component manufacturers and the rapid utilization of India's land for wind energy. While the growth of wind power in India was largely driven by tax incentives until recently, it is expected that more IPPs (independent power producers) will be interested in investing in this segment with the recent announcement of generation-based incentives.
1.1 Status and Trends
The growth in wind energy in India has been spurred by only a handful of states so far, with