Indian wind sector eyes $16.5-B annual investment by 2020

To reach $16.5 billion per year.

This is the projected investments in India's wind energy market by 2020 as the country is well poised to install around 89 GW.

According to the report titled ‘India Wind Energy Outlook’, India could generate up to 219 TWh of electricity per year, while employing over 179,000 people in the sector and saving almost 131 million tonnes of CO2 emissions each year.

The report was jointly published by the Global Wind Energy Council, the World Institute of Sustainable Energy, and the Indian Wind Turbine Manufacturers’ Association.

"By 2030 wind power would be generating almost 504 TWh per year and be avoiding the emission of 304 million tons of CO2 each year.", the report adds.

Under the moderate scenario growth would continue throughout the 2020s, with annual market size approaching 100 GW per year and a total installed capacity of about 1,600 GW by 2030.

On the other hand, under the more ambitious Advanced Scenario, which explores the extent to which the wind industry could grow in a best case ‘wind energy vision’ and assumes that manufacturing capacity continues to increase while market demand increases to fill it, the total installed capacity reaches 1,149 GW by 2020 and more than 2,500 GW by 2030.