1. Home
  2. >

Conditions favorable for wind energy growth

Business

Union Minister for New and Renewable Energy, Dr. Farooq Abdullah has said that accelerated growth is expected in renewable energy, particularly wind energy sector with favorable conditions in terms of potential, technical support facilities, policy framework and regulatory environment, robust manufacturing base, and investors confidence in the country.
Unveiling the Generation Based Incentive, GBI, for the wind power producers, he said, “We are here to unlock the locks” and assured help in every way possible to take the renewable energy sector forward. Delivering the inaugural address at the seminar on “Policy Incentives for Independent Power Producers and Investors for Wind and Biomass Power Generation” in New Delhi, the Minister observed that India now ranks 5th in the world after USA, Germany, Spain and China with a wind power installed capacity of about 11,000 MW, but a lot more can be done.
Dr Abdullah said that with the availability of better and efficient wind turbines suitable for our moderate wind regimes and increased infrastructure for power evacuation, the wind power potential of the country, presently estimated to be over 45,000 MW, could go up.
Emphasizing the need for proactive steps from both public as well as private sector, the Minister also called upon the private producers to make the best out of the opportunities coming their way.

Most Popular

Awards

Olympia Group announces to build up 1.1mn sq-ft greenfield it park in Guindy
The project will have a total investment of about Rs 750 crore

Conferences

Vital pre-monsoon building works resume in Maharashtra
The state government has permitted pre-monsoon work by BMC and other agencies

Latest Issue

Sept 2020
01 Sep 2020