There would be considerable impact on annual investment (Rs336 billion) and employment (142,000 jobs); and 323 million tons of CO2 could be saved every year. Government of India is planning to infuse around Rs.600 billion under 11th five year plan in this industry apart from introducing various industry friendly policies, which will boost the growth of this sector and help reach the estimated installed capacity.
Wind Energy is the fastest growing renewable energy sector in India, which is, the worlds 5th largest wind power nation. Wind power accounts for over 70% of the total 15,540 MW of installed renewable energy generation capacity in India. Installed wind power capacity at the end of March 2010 reached 10,242 MW, which is expected to go up to 25,505 MW by 2013. Centre for Wind energy technology (C-Wet) has recently estimated potential for wind power in India to 48.5 GW.
In the backdrop of this robust growth scenario of wind energy, we are introducing The Industry Insight Wind Energy Markets in India, a must-have tool to help you understand how Indian market trends and Govt. polices are influencing the development and enhancement of the wind energy market.
In order to attract new players in the wind power sector, the government has recently launched new policies. Some of the major policies include: availability of loans up to 70% of the total cost of the wind farm project, 80% depreciation in first year, zero import duty and tax holidays for new projects for ten years.
Government of India is planning to infuse around Rs.600 billion in next few years under 11th five year plan in this industry, which will boost the growth of this sector and help reach the estimated installed capacity.
In the backdrop of this robust growth scenario of wind energy, Cygnus Business Consulting & Research has come out with a report on Wind Energy Market in India. The report has 9 chapters; which cover overview of wind energy markets, global and India, market segments, wind power equipment market in India, its growth, key growth drivers, issues and challenges of the industry, incentives declared by the state as well as central government, ten major players, their operational and functional performances, major wind power projects and future outlook.
The report will be useful to potential investors to get an insight into Indian Wind energy market, its potential and the emerging business opportunities. It will also provide a broader perspective of the governments policy initiatives in enhancing wind energy generation. Analysts interested in the Indian energy market and various research agencies engaged in the field of wind energy will also benefit from the coverage.