The objective behind this is to promote and protect the interests of all stakeholders of the Wind Energy Industry including wind energy producers, investors, manufacturers, component makers and other stakeholders. It will provide a pan India forum and address various issues faced by the wind energy stakeholders, a statement from IWEA said.
“The potential of the wind sector in India is far greater than what is currently being projected and the formation of IWEA will provide an impetus to the wind energy industry by establishing and assisting scientific laboratories, workshops, institutes and organization in the wind energy industry. There is a lot of scope for the wind energy sector to grow in India and Government’s support is critical to achieving the national objectives, given the government’s renewed interest on wind and other renewables,” Sumant Sinha, the first Chairman of IWEA and Chairman and CEO of ReNew Power said.
With 20,215 megawatt (MW) of installed capacity as of December 2013, the sector has attracted private sector investment worth Rs 44,000 crore. India currently ranks fifth in the world, with about 6.35% share of total wind capacity, the statement said.