Be part of India's success story in Wind Energy – ‘Wind is the Answer’
India is one of the countries, with the most extensive production of energy from renewable sources and 34.6% of the total installed power capacity is from renewable energy, of which 46% is contributed by the Wind Energy (Nearly 40 GW).
In accordance to the Paris Accord on Climate Change, India pledged, by 2030, 40% of installed power generation capacity in the country shall be based on clean sources, of which 175 GW of renewable energy capacity will be installed by 2022. This includes 100 GW from Solar, 60 GW from Wind, 10 GW from Bio-power and 5 GW from small Hydropower. In addition, the recent announcement by Hon'ble Prime Minister of India to reset the target of Renewable Energy to 450 GW opens an exciting opportunity for all stakeholders to provide affordable power with necessary energy storage measures.
Furthermore, the Ministry of New and Renewable Energy, Government of India ambitious agenda for development of Offshore, Clean Hydrogen, Storage and use of RE for Electric Vehicles which will support the wind segment in working towards achieving the target.
With the accomplishment of these ambitious targets, India will become one of the largest Green Energy producers in the world, even surpassing several developed countries.
India has a strong manufacturing base of state of the art wind turbine generators and is also home to global leaders in wind turbine generators and components. This strength has also enabled the growth of the domestic Micro, Small and Medium Enterprises (MSME), who have contributed to this rapidly developing industry. The industry is on par with global standards on quality parameters enabling exports to USA, Europe, Brazil and other developed and developing markets.
Indian wind industry has achieved about 80% indigenization, which is in line with the Government of India 'Make in India" or “Atmanirbhar Bharat” initiative. Growth of the wind sector in India has significantly contributed to the rural economy. Wind energy apart from its contribution to the GDP growth is also primed to create an additional 2 million jobs, especially in rural areas.
A focused trade fair and conference that caters to the burgeoning wind industry in India will not only act as a catalyst to the renewable energy movement but also provide a platform to foster partnerships in the sector and convert potential to commerce.
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