The research identified that wind power seems to be the ideal choice for the nation as it is of moderately low cost compared to other renewable sources. Moreover, it is a pollution free source of energy. With technological advancements, wind will become an extremely competitive source of power generation, thus creating immense business opportunities for manufacturing and material procurement companies. This, in turn, will drive the growth of the manufacturing sector of the nation.
Further, improving performance and reliability of wind turbines and decreasing gestation period of installation has positioned India as one of the most dynamically growing wind energy markets in the world. The wind power contributes 70% of the grid interactive renewable power installed in India, which is expected to remain almost constant in the coming years. With the continuous public and private sector participation, the sector is all set to dynamically expand in the country, which will lure international majors for plant set up and business execution.
Our report, “Indian Wind Energy Sector Analysis” has been authored to evaluate wind power market potentials in India. The study is an outcome of extensive research and conceptual analysis of the industry within Indian perspective. It provides statistics/information on sector developments on country as well as state levels. Forecast for future wind capacity additions has been provided for all prominent states, which will help clients to refine their investment decisions on the basis of grass root developments. Additionally, wind costs analysis facilitates essential understanding on project cost structure. A brief overview of business description and significant developments of key industry players currently operating in the industry has also been covered in the report to provide a balanced research outlook of the industry.