According to a recent report published by Global Wind Energy Council and Indian Wind Turbine Manufacturers’ Association, India has immense potential for wind energy. Wind can cater to 24 percent of electricity demand by 2030 by when the installed capacity could reach 241.3 GW from the present 10.2 GW. This is the advanced scenario where policy measures and political will play a positive role.
The report blames a lack of coherent renewable energy policy for the country not realizing wind resource. It calls for a renewable portfolio standard linked to market-based schemes such as energy certificates, and for a national feed-in tariff to ensure uniform incentives. Acceleration of approval procedures for RE projects, updated wind resource map, etc are also recommended. Meanwhile the CERC has issued the final regulations for tariff determination for renewable sources.
In the UK, a strategic assessment study has pointed to how offshore wind can generate 25 GW in the UK. Following the report, the government has adopted a plan for capacity addition along the waters of England and Wales, leading to opening 11 more sites. Around 15 billion pounds is to be invested to connect offshore grid to the national grid.
Is the Indian government doing enough to spur investments in renewable energy? What do you think?
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