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Wind project addition to peak by 2024
August 29 , 2022
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- The annual installation of new wind power projects in India will peak by 2024 and likely decline thereafter.
- After 2024, fresh projects are likely to be wind-solar hybrids.
- This is reported by the Global Wind Energy Council (GWEC) and MEC Intelligence (MEC+).
- India currently has 13.4 GW of prospective projects in wind energy.
- It is expected to drive installations until 2024 in the market.
- India is expected to add 3.2 GW in 2022.
- 4.1 GW in 2023 is peaking to 4.6 GW in 2024.
- Thereafter there will be a declining to 4 GW and 3.5 GW in the next two years.
- Wind industry installations have been slowing down in India since 2017.
- Only 1.45 GW of wind projects were installed in 2021.
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