Dublin, Feb. 10, 2023 (GLOBE NEWSWIRE) -- The "Wind Power Market in India 2022 - 2027" report has been added to ResearchAndMarkets.com's offering.2014-2022 &7 2023
The cumulative installed wind power capacity stood at 40.36 GW in FY 2022. It is expected to reach 52.48 GW by FY 2027, expanding at a CAGR of 5.84% during the FY 2023 - FY 2027 forecast period.
Wind power or wind energy harnesses the wind to generate mechanical power or electricity. Wind turbines convert wind kinetic energy into mechanical power, which can be used for specific tasks (such as grain grinding or water pumping) or converted into electricity by a generator.
The growth of the wind power capacity has resulted in a robust ecosystem, enhanced project operation capabilities, and a manufacturing base of approximately 10,000 MW per year.
Government initiatives:
The Ministry of Power has extended the waiver on charges of the Inter-State Transmission System (ISTS) on the electricity transmission generated by solar and wind sources for projects scheduled to be completed by June 30, 2025.
Furthermore, the order encourages the development of solar, wind, hydro-pumped storage plants (PSPs), and battery energy storage systems (BESS), along with the trading of renewable energy (RE) in power exchanges and the seamless transmission of RE power across states.
COVID-19 impact analysis:
All energy consumptions related to aviation, transportation, commercial activities, and industry have decreased dramatically due to the severe lockdown measures, while residential activities have significantly increased.
As most business activities came to a standstill, there was a remarkable drop in power demand (up to 30%) that led to a 25% fall in exchange prices during the peak of the pandemic in 2020. The demand from commercial and industrial (C&I) consumers had declined by about 18% during the 2020 - 2021 period.
Key Topics Covered:
Chapter 1: Executive Summary
Chapter 2: Socio-economic Indicators
Chapter 3: Introduction
3.1. Market definition and structure
3.2. Government organizations that control the renewable energy market
Chapter 4: Global Wind Power Market - An Overview
4.1. Global ranking in terms of installed wind power capacity (GW) (2020)
4.2. Global ranking in terms of share of wind energy in their electricity mix (2020)
Chapter 5: Wind Power Market in India - An Overview
5.1. Wind power market in India - An Overview
5.1.1. Wind power installed capacity and growth forecast (FY 2021 - FY 2027e)
5.1.2. Wind power capacity addition (FY 2011 - FY 2022)
5.1.3. Wind power generation in billion units (FY 2014 - FY 2022)
5.1.4 Share of wind generation in total power generation (FY 2014- FY 2022)
5.1.5. Total installed power capacity (FY 2011 - FY 2022)
5.1.6. Share of wind power out of total power capacity (FY 2011 - FY 2022)
Chapter 6: Wind Power Market in India - Segmentation
6.1. Region-wise wind power installed capacity
6.1.1. State wise wind power installed capacity (as of September 2022)
6.1.2. Region-wise Wind Power Repowering Potential Capacity
6.1.3. State wise wind potential at 100 m
6.1.4. State wise wind potential at 120 m
Chapter 7: Government Initiatives
7.1. Government initiatives
Chapter 8: Impact of COVID-19
8.1. Impact of COVID-19
Chapter 9: Trade Analysis
9.1. Trade Analysis
Chapter 10: Market Influencers
10.1. Market drivers
10.2. Market challenges
Chapter 11: Competitive Landscape
11.1. Adani Power Limited
11.2. Indowind Energy Limited
11.3. Orient Green Power Limited
11.4. ReNew Energy Global Plc
11.5. Suzlon Energy Limited
11.6. The Tata Power Company Limited
11.7. Torrent Power Limited
11.8. Chiranjjeevi Wind Energy Limited
11.9. Sembcorp Energy India Limited
11.10. Wind World (India) Limited
Chapter 12: Recent Developments
For more information about this report visit https://www.researchandmarkets.com/r/5gzz83-power-market?w=12
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