Asia Report: India's Wind Power Capacity Expected to Balloon by 2020, Says GWEC
By Oliver Wagg, International Correspondent
December 3, 2012
December 3, 2012
SYDNEY -- India's installed wind power capacity is expected to reach 89 GW by 2020 and 191 GW by 2030, according to a new report. This expansion in wind power is expected to attract $16.5 billion of annual investment, create 179,000 jobs and abate 179 tonnes of CO2 annually, the Wind Energy Outlook reported.
“Power shortages and energy security are both critical issues for India’s rapidly growing economy,” said Global Wind Energy Council (GWEC) secretary general Steve Sawyer. “Wind is already cost-competitive with heavily subsidized fossil fuel-based energy in several Indian states and its competitive position will only improve over time. But we need effective national energy policy, coordination with states, investments in the grid and policy stability for wind power to fulfill its potential in India.”
In 2011, India was the third largest wind power market – experiencing record annual growth in 2011 with the addition of more than 3 GW of new installations – after China and US, and fifth in overall cumulative installed capacity. The GWEC report shows its potential for wind power development reaches 400 GW and more if the potential of offshore wind and repowering are fully exploited.
In 2011, India was the third largest wind power market – experiencing record annual growth in 2011 with the addition of more than 3 GW of new installations – after China and US, and fifth in overall cumulative installed capacity. The GWEC report shows its potential for wind power development reaches 400 GW and more if the potential of offshore wind and repowering are fully exploited.
No comments:
Post a Comment