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Yahoo
4 hours ago
- Business
- Yahoo
India Wind Power Industry Report 2025: $13.71 Bn Market Trends, Competition, Forecast & Opportunities, 2021-2031
India's wind power market offers major opportunities driven by supportive government policies, growing offshore wind developments, and technological advancements. Key impediments include challenges with grid integration and outdated infrastructure, which investment in new infrastructure can mitigate. Indian Wind Power Market Dublin, June 09, 2025 (GLOBE NEWSWIRE) -- The "India Wind Power Market, By Region, Competition, Forecast & Opportunities, 2021-2031F" has been added to offering. The India Wind Power Market was valued at USD 9.11 Billion in 2025 and is expected to reach USD 13.71 Billion by 2031, rising at a CAGR of 6.89% Wind power is a renewable energy source that converts wind's kinetic energy into electricity using turbines. These turbines, featuring large blades, rotate with wind flow, driving a generator to produce power. As a clean and inexhaustible energy form, wind power is gaining attention as a viable alternative to fossil fuels. It generates electricity without emitting greenhouse gases, supporting efforts to reduce environmental pollution and combat climate change. Onshore and offshore wind farms are both utilized, with offshore installations offering the advantage of stronger and steadier winds. Ongoing technological advancements have enhanced efficiency and reduced costs, making wind energy a crucial component of India's renewable energy strategy. Although its intermittent nature poses challenges, integrating wind with storage and other energy sources ensures stability and reliability in the power supply. Government Policies and Supportive Regulatory Framework India's wind power sector is significantly driven by proactive government initiatives and a favorable regulatory environment. The government has introduced ambitious renewable energy targets, with wind power as a core component. Financial incentives such as accelerated depreciation, viability gap funding, and tax benefits reduce initial investment burdens and enhance project viability. Renewable Purchase Obligations (RPOs) compel power distributors to procure a portion of energy from renewable sources, creating assured demand for wind energy. The Ministry of New and Renewable Energy (MNRE) supports wind project development through simplified land acquisition and regulatory clearances. State-level incentives further strengthen this framework by offering subsidies and streamlined processes. The National Wind-Solar Hybrid Policy promotes integrated use of land and grid infrastructure. Furthermore, the government's focus on enhancing grid connectivity and transmission infrastructure supports the integration of wind energy into the national energy mix. India targets 500 GW of renewable capacity by 2030, with wind power expected to contribute 140 GW. Grid Integration and Infrastructure Limitations A key challenge in India's wind power market is the integration of wind energy into the existing power grid, which is often strained by infrastructure limitations. Wind energy's dependency on fluctuating wind patterns makes consistent electricity supply a concern, complicating grid management. Many regions with high wind potential face outdated or inadequate transmission infrastructure, hindering efficient power evacuation and leading to curtailments. Such inefficiencies result in revenue loss for developers and lower renewable system performance. Additionally, wind projects are frequently located in remote regions lacking robust grid connectivity, requiring substantial investment and coordination to establish new infrastructure. Delays in expanding transmission networks can stall project implementation, affecting overall market growth and investor confidence. Growth of Offshore Wind Power Development India is witnessing a growing interest in offshore wind energy, marking a shift from its historical focus on onshore wind farms. Offshore wind offers advantages such as stronger and more reliable wind speeds, resulting in higher energy production. These projects face fewer land-related challenges and can be deployed without significant displacement concerns. The government has taken steps to support offshore wind through policy initiatives, feasibility assessments, and zone identification along coastal states like Gujarat, Tamil Nadu, and Andhra Pradesh. MNRE has facilitated pilot projects and international collaboration to build capacity and technical know-how. The interest of global offshore wind companies and investors is increasing, bringing advanced marine-compatible technologies and operational expertise, which is expected to accelerate the commercial rollout of offshore wind in India. Key Attributes: Report Attribute Details No. of Pages 85 Forecast Period 2025 - 2031 Estimated Market Value (USD) in 2025 $9.11 Billion Forecasted Market Value (USD) by 2031 $13.71 Billion Compound Annual Growth Rate 6.8% Regions Covered India Report Scope: Key Market Players Vestas Wind Systems A/S Siemens Gamesa Renewable Energy S.A. General Electric Company Goldwind Science & Technology Co., Ltd. Nordex SE Enercon GmbH Suzlon Energy Limited MingYang Smart Energy Group Co., Ltd. India Wind Power Market, By Application: Residential Commercial Industrial India Wind Power Market, By Installation: Onshore Offshore India Wind Power Market, By Turbine Capacity: 100 KW 100 KW to 500 KW 500 KW to 1 MW 1MW to 3 MW Less than 3 MW India Wind Power Market, By Region: South India North India West India East India For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Indian Wind Power Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Arabian Post
29-04-2025
- Business
- Arabian Post
JSW Neo Energy Expands with 4.7 GW Renewable Acquisition
JSW Neo Energy has successfully completed the acquisition of a 4.7 GW renewable energy platform from O2 Power, marking a significant leap in its energy portfolio. This acquisition brings the total capacity of JSW Neo Energy to 12.2 GW, positioning it closer to its ambitious target of reaching 20 GW by 2030. The deal is part of the company's strategic push to solidify its presence in India's rapidly growing renewable energy sector. With the energy landscape in India transitioning towards a more sustainable future, JSW Neo Energy's expansion aligns with the government's vision of achieving 500 GW of non-fossil fuel-based power capacity by 2030. The platform acquired from O2 Power, which includes both operational and under-construction projects, covers a diverse mix of solar and wind energy. These assets are expected to provide significant long-term revenue streams and diversify JSW Neo Energy's renewable portfolio. This move comes as part of JSW Energy's broader strategy to accelerate its green energy initiatives. In line with this, the company aims to focus on scaling up its renewable capacity while phasing out fossil fuel-based assets. The acquisition enhances JSW Neo Energy's position as one of India's key players in the renewable energy market, alongside other major industry players such as ReNew Power, Adani Green, and NTPC. The renewable energy sector, which has seen robust growth due to favorable policy frameworks and increasing investment, is becoming an attractive space for both established energy companies and new entrants. O2 Power, a prominent renewable energy developer in India, made the decision to divest a part of its portfolio as part of its strategy to streamline operations and focus on other business ventures. The deal reflects a broader trend in India's renewable energy sector, where companies are consolidating and scaling operations to meet the increasing demand for clean energy. This transaction also underscores the competitive landscape in the sector, with firms vying for a larger share of the renewable energy pie. See also Trump's 26% Tariff Escalates US-India Trade Tensions For JSW Neo Energy, this acquisition not only expands its operational footprint but also accelerates its progress towards meeting India's energy transition goals. The company has been actively involved in both the solar and wind energy segments and plans to continue investing in projects that enhance its renewable energy capacity. In recent years, JSW Neo Energy has been building its portfolio through a series of acquisitions and partnerships, including deals with leading international investors and developers. The renewable energy sector in India has witnessed increased investments, supported by policy initiatives such as the National Wind-Solar Hybrid Policy and the Renewable Energy Purchase Obligation , which mandate that utilities must procure a certain percentage of power from renewable sources. These policies have created a conducive environment for energy companies like JSW Neo Energy to expand and scale their operations. The push towards renewable energy also reflects a growing awareness of the need to address climate change and reduce reliance on fossil fuels. India has committed to achieving net-zero emissions by 2070, with an interim target of achieving 50% of its energy needs from non-fossil fuel sources by 2030. This aligns with JSW Neo Energy's commitment to sustainable growth and its long-term vision of becoming a leader in the green energy space. Experts in the industry believe that the consolidation of renewable energy assets through acquisitions, such as the one completed by JSW Neo Energy, is crucial for driving economies of scale. By consolidating assets, companies can reduce operational costs, increase efficiency, and improve their financial viability. Additionally, large-scale renewable projects allow companies to attract capital more easily, which is essential for financing the growth of the sector. See also India Navigates Trade Turmoil as Global Markets Reel
