“The central government’s announcement of several corrective policy measures in recent months has renewed optimism. However, accelerating investments in the wind manufacturing sector and scaling up annual capacity addition requires consistent demand creation,” Backwell said.
“It is essential for the wind industry to have a clear manufacturing investment case based on an expanding Indian market, while building and enhancing partnerships with government agencies, communities, and commercial & industrial consumers to achieve this goal,” he added.
GWEC said the decline in wind capacity additions impeded India's goal of decarbonising the power sector and heavy industry and transport. It currently has nearly 41 gigawatts of onshore wind capacity, the fourth-largest market for wind globally.
India aims to install 140GW of wind energy by 2030, 30GW of which will be offshore wind, the council said.
The country should also ensure the financial health of project developers and manufacturers who suffer the “double impact” of stalling capacity addition, it added.
