India could add 23.7 gigawatts of renewable energy capacity in the next five years through wind power, the Global Wind Energy Council (GWEC) and the MEC Intelligence (MEW+) found.
“This Outlook is published as the world faces a decisive moment; there is a narrow window of opportunity to halt the irreversible damage to this planet from climate change by making an urgent shift to clean energy,” Ben Backwell, GWEC CEO, said.
“India can seize this opportunity, but it must kick-start its energy transition after delays due to the pandemic.”
Backwell noted that to seize this, India will need to hold a dialogue between the central government and the states for consensus building.
The market will also need to focus on the delivery to help match timelines and targets and its potential to become a destination for manudacturers and suppliers of wind.
As of March 2022, India’s renewable energy mix was made up of 37.7% wind power. It also has a potential of more than 600 gigawatts (GW) of onshore capacity and 174GW of fixed-bottome and floating offshore.
“This Outlook is published as the world faces a decisive moment; there is a narrow window of opportunity to halt the irreversible damage to this planet from climate change by making an urgent shift to clean energy,” Sumant Sinha, Chairperson, GWEC India, and CEO of ReNew Power, said.
“India can seize this opportunity, but it must kick-start its energy transition after delays due to the pandemic.”
