Wind power passes inflexion point in India
The mood was buoyant at the Windergy India 2017 conference held in New Delhi this week. Industry leaders, regulators and government officials were unanimous in predicting a bright outlook for the wind power sector that has been growing at a breakneck speed in recent times.
The importance of the Indian wind market was underlined by the fact that the Global Wind Energy Council (GWEC), which represents the industry worldwide, chose to launch its Global Wind Report 2016 at the Delhi powwow. A widely used source of data, the report in its five-year market forecast painted a rosy picture of the Indian scenario.
India has set a new national record with 3.6 GW of new installations, pushing it into fourth place in terms of annual capacity growth, and cementing its fourth place position in cumulative terms, after China, the US and Germany, GWEC’s annual report said. For the eighth year in a row, Asia was the world’s largest regional market for new wind power development in 2016, with capacity additions totalling just over 27.7 GW.