India likely to add another 3,000 MW wind power in 2011

India expects a wind energy installation of about 3,000 Mw this year driven by strong policy framework and better cost competitiveness compared to conventional power generation, says a report.

 

HSBC Global Research stated that the anticipated capacity addition would be 39 per cent higher than that of 2,142 Mw witnessed last year, .

Further, the country is projected to have wind capacity addition of nearly 7,500 Mw between 2011-15 period.

Going by projections, this year alone would see a capacity addition of 2,984 Mw. The country had a wind energy capacity of nearly 15,000 Mw at the end of August 2011, as per official data. Historically, a significant proportion of installations in the Indian wind market have been by non-utilities/ non-developers.

However, the past two to three years have seen emergence of various renewable developers, with the Indian market growing from 1,600-1,800 Mw to a 2,000 Mw market, the report said. In recent times, many entities are getting into renewable power generation segment, especially focusing on wind energy.

HSBC Global Research said that over 2011-15, about 7,500 Mw of new wind capacity — average of 1,500 Mw per annum — would be installed by “new breed of developers alone”.

“We, therefore, retain our wind installation forecasts for 2012-15, with 2,400 Mw installations in 2012 and 2,700 Mw in 2015,” it added.