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In 2011, India saw an unprecedented $10.3 billion invested in clean technology, of which $4.6 billion was invested in wind energy. This accounted for 4% of the world’s clean technology investments in 2011. Wind potential is concentrated in southern, western and north-western regions and grid connected wind power projects have been operational predominantly in 8 windy states i.e. Tamil Nadu, Maharashtra, Gujarat, Rajasthan, Karnataka, Andhra, Madhya Pradesh and Kerala. Wind energy has been the biggest contributor to the share of renewable energy in southern region.
According to “India Wind Power Market Outlook, 2020”, in the first half of financial year 2014-15, capacity additions in states like Rajasthan have gone up to 108 megawatt (MW) from 35 MW last year, while Madhya Pradesh saw 94 MW of capacity in 2014 from no capacity being added during the same period in 2013, while a traditionally strong state Maharashtra saw a sharp fall in new windmill additions due to policy uncertainties. India has a long coastline of over 7500 kilometres. In April 2012, the Ministry for New and Renewable Energy constituted an Offshore Wind Energy Steering Committee under the chairmanship of the Secretary, MNRE, to drive offshore wind power development in India in a planned manner. As India faces rising fuel prices, threats to energy security, and the impacts of climate change, renewable energy offers a critical solution. India’s solar and wind programs have already catalyzed remarkable growth.
- The strengths and weaknesses of the key vendors