• Renewable Power
  • Nuclear Power
  • Thermal Power
Power Gen Advancement
  • Home
  • News
    EDF, Octo Energy partner on hybrid solar and storage projects

    West Africa’s largest solar PV plant begins operation

    India and the EU Will Drive an Expansion of Global Renewable Capacity Next Year

    India and the EU Will Drive an Expansion of Global Renewable Capacity Next Year

    MHI Vestas secures spinner and nacelle covers supply in Taiwan

    EC approves Vestas and Mitsubishi HI transaction to strengthen partnership in wind energy

    India experienced first decrease in carbon emissions in four decades

    India experienced first decrease in carbon emissions in four decades

    EDF Renewables, Mitsui break ground on 87-MW wind project in Morocco

    SSE, Equinor to invest $8 bln in Britain’s Dogger Bank giant wind project

    India offers support to Maldives efforts to develop green energy

    India offers support to Maldives efforts to develop green energy

    No New Coal Power Proposals in The Philippines

    No New Coal Power Proposals in The Philippines

    Germany passed the law to end coal-fired power generation by 2038

    Germany passed the law to end coal-fired power generation by 2038

    Toshiba aims to launch virtual power plants across Japan in 2022

    Toshiba aims to launch virtual power plants across Japan in 2022

  • Market Moves
    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

    Ferroglobe Hydro power

    Ferroglobe completes sale of Spanish hydro facilities to TPG Sixth Street Partners

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Summit Energy Services Announces Merger with Schneider Energy Consulting

    SeaMade secures €250m European loan for Belgian offshore wind farms

    SeaMade secures €250m European loan for Belgian offshore wind farms

    Xcel Energy agrees to buy Mankato Energy Center for $650m

    UK renewable energy overtakes fossil fuels, despite Brexit fears

    Bolivia will invest US $ 2,560 million for electricity reserves

  • Press Statements
    GWEC India to help develop India’s vast wind power potential and support green recovery

    GWEC India to help develop India’s vast wind power potential and support green recovery

    Tanzania plans to construct hydropower plants and transmission lines

    ABB and Statkraft to boost hydropower efficiency in Norway

    EDF Renewables North America Signs Virtual Power Purchase Agreement with Nucor Corporation

    New DNV GL class rules for floating offshore wind energy expands industry horizon

    New DNV GL class rules for floating offshore wind energy expands industry horizon

    Iberdrola strengthens commitment to Portugal with the latest photovoltaic auction

    Iberdrola strengthens commitment to Portugal with the latest photovoltaic auction

    Wartsila publishes open access interactive map indicating potential of cost-optimal 100% renewable electricity systems

    Siemens Gamesa wins big in Texas, USA with 325-MW onshore wind project

    EDF Renewables, Mitsui break ground on 87-MW wind project in Morocco

    EDF Renewables, Mitsui break ground on 87-MW wind project in Morocco

    RWE expands its renewables business in the Netherlands

    Australia's biggest renewable energy hub to deliver low-cost power for ACT

    Australia’s biggest renewable energy hub to deliver low-cost power for ACT

  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us
No Result
View All Result
  • Home
  • News
    EDF, Octo Energy partner on hybrid solar and storage projects

    West Africa’s largest solar PV plant begins operation

    India and the EU Will Drive an Expansion of Global Renewable Capacity Next Year

    India and the EU Will Drive an Expansion of Global Renewable Capacity Next Year

    MHI Vestas secures spinner and nacelle covers supply in Taiwan

    EC approves Vestas and Mitsubishi HI transaction to strengthen partnership in wind energy

    India experienced first decrease in carbon emissions in four decades

    India experienced first decrease in carbon emissions in four decades

    EDF Renewables, Mitsui break ground on 87-MW wind project in Morocco

    SSE, Equinor to invest $8 bln in Britain’s Dogger Bank giant wind project

    India offers support to Maldives efforts to develop green energy

    India offers support to Maldives efforts to develop green energy

    No New Coal Power Proposals in The Philippines

    No New Coal Power Proposals in The Philippines

    Germany passed the law to end coal-fired power generation by 2038

    Germany passed the law to end coal-fired power generation by 2038

    Toshiba aims to launch virtual power plants across Japan in 2022

    Toshiba aims to launch virtual power plants across Japan in 2022

  • Market Moves
    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

    Ferroglobe Hydro power

    Ferroglobe completes sale of Spanish hydro facilities to TPG Sixth Street Partners

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Summit Energy Services Announces Merger with Schneider Energy Consulting

    SeaMade secures €250m European loan for Belgian offshore wind farms

    SeaMade secures €250m European loan for Belgian offshore wind farms

    Xcel Energy agrees to buy Mankato Energy Center for $650m

    UK renewable energy overtakes fossil fuels, despite Brexit fears

    Bolivia will invest US $ 2,560 million for electricity reserves

  • Press Statements
    GWEC India to help develop India’s vast wind power potential and support green recovery

    GWEC India to help develop India’s vast wind power potential and support green recovery

    Tanzania plans to construct hydropower plants and transmission lines

    ABB and Statkraft to boost hydropower efficiency in Norway

    EDF Renewables North America Signs Virtual Power Purchase Agreement with Nucor Corporation

    New DNV GL class rules for floating offshore wind energy expands industry horizon

    New DNV GL class rules for floating offshore wind energy expands industry horizon

    Iberdrola strengthens commitment to Portugal with the latest photovoltaic auction

    Iberdrola strengthens commitment to Portugal with the latest photovoltaic auction

    Wartsila publishes open access interactive map indicating potential of cost-optimal 100% renewable electricity systems

    Siemens Gamesa wins big in Texas, USA with 325-MW onshore wind project

    EDF Renewables, Mitsui break ground on 87-MW wind project in Morocco

    EDF Renewables, Mitsui break ground on 87-MW wind project in Morocco

    RWE expands its renewables business in the Netherlands

    Australia's biggest renewable energy hub to deliver low-cost power for ACT

    Australia’s biggest renewable energy hub to deliver low-cost power for ACT

  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us
No Result
View All Result
Power Gen Advancement
No Result
View All Result
Home Press Statements

GWEC India to help develop India’s vast wind power potential and support green recovery

in Press Statements, Renewable Power
GWEC India to help develop India’s vast wind power potential and support green recovery

The Global Wind Energy Council (GWEC) will establish GWEC India and designate Sumant Sinha, Chairman and MD of ReNew Power as the organisation’s first Chairperson.

GWEC India will work closely with government stakeholders, companies and adjacent technologies to accelerate the momentum around wind power development in India and support the country in achieving its ambitious renewable energy targets.

India is the world’s fourth-largest onshore wind energy market by wind farm installations, however significant challenges need to be addressed to accelerate market growth and help India meet its wind energy target by 2022.

Plans to establish India as a cost-competitive manufacturing hub for wind turbines could be an important driver of a green recovery, and GWEC India will help create the long-term market visibility needed to realise this ambition.

India is the third-largest carbon emitter in the world, making it crucial to grow wind power generation to decarbonise the energy system and support international efforts to keep global warming within 1.5°C above pre-industrial levels.

The Global Wind Energy Council (GWEC) announced that they will establish GWEC India to work with government and stakeholders to renew momentum around wind power development and support India in achieving its ambitious renewable energy targets. The new industry association will focus on building out India’s huge potential and local supply capacity, addressing regulatory bottlenecks, sharing best international practices and experience and facilitating dialogue and cooperation between government and industry stakeholders.

India is the world’s fourth-largest onshore wind market by cumulative installations with nearly 38 GW of capacity. The government has set an ambitious target of 175 GW of installed renewable energy capacity by 2022, which calls for current wind capacity to nearly double within the next two years, totaling 60 GW of onshore wind and 5 GW of offshore wind. GWEC estimates that India risks undershooting its 2022 wind energy target if urgent issues are not addressed.

According to GWEC’s Q3 2020 Market Outlook, the impacts of COVID-19 combined with market challenges in India will likely bring down onshore wind installations by 6.1 GW in the next five years compared to pre-COVID forecasts, a reduction of 29 per cent. Looking to offshore wind, India has huge potential, but development of the industry has so far been slow.

Despite these challenges, the Indian government maintains its ambitious targets and recognises the role that wind power can play in a green economic recovery from COVID-19. In order to foster and sustain market growth, GWEC India will be a key partner for both the government and industry to resolve current challenges and tap into the economic benefits of wind power.

Sumant Sinha, Chairman and Managing Director of ReNew Power, commented: “Wind energy kickstarted the renewable energy revolution in India, and today, with over 38 GW of installed capacity, India is the fourth largest wind power market in the world. The sector has also been a torch bearer of ‘Aatmanirbharta’, as most of the equipment for the wind energy sector is manufactured domestically. Wind power has helped India mitigate around 50.87 million tonnes of CO2 in the past two years and will be a big contributor to India meeting its decarbonisation goals under the Paris Agreement. The time is now ripe to accelerate growth and create a framework for government-industry partnership to tackle the challenges being faced by the sector. GWEC India will be an indispensable platform for policymakers and the industry to come together and turn these ambitions into reality, and I am thrilled to be part of this important initiative”.

Ben Backwell, CEO of GWEC, added: “With over 300 GW of onshore wind potential and a further 195 GW of offshore wind potential, we have only begun to scratch the surface of India’s wind power capability. GWEC has a proven track record working with stakeholders to address regulatory barriers and unlock growth potential in emerging markets across the world, and we are looking forward to doing the same with GWEC India. As the government looks to establish the country as a renewable energy manufacturing hub, it will be essential that we have long-term market visibility in order to bring in investors and encourage development of a local industry. This is more important than ever as the industry can be a critical driver of jobs and investment, while delivering low-cost power to energy-intensive industries, to power an economic recovery from COVID-19”.

Sumant Sinha, has been designated as the Chair of GWEC India, which will be supported by a local office and GWEC team. The association will leverage the expertise of GWEC’s global network to draw from international best practices, publish market analysis and support policymakers in shaping a sustainable wind sector. Key challenges addressed by GWEC India will include grid and land availability, off-taker risks, onerous tender conditions, low tariff caps and offshore wind development.

Previous Post

India experienced first decrease in carbon emissions in four decades

Next Post

EC approves Vestas and Mitsubishi HI transaction to strengthen partnership in wind energy

Related Posts

EDF, Octo Energy partner on hybrid solar and storage projects
News

West Africa’s largest solar PV plant begins operation

November 30, 2020
India and the EU Will Drive an Expansion of Global Renewable Capacity Next Year
News

India and the EU Will Drive an Expansion of Global Renewable Capacity Next Year

November 30, 2020
MHI Vestas secures spinner and nacelle covers supply in Taiwan
News

EC approves Vestas and Mitsubishi HI transaction to strengthen partnership in wind energy

November 30, 2020
Toshiba aims to launch virtual power plants across Japan in 2022
News

Toshiba aims to launch virtual power plants across Japan in 2022

November 16, 2020
New England set for $12.9b renewables investment
News

Global transformation of the electricity sector requires greater efforts to ensure security of supply

November 16, 2020
World Nuclear Exhibition WNE 2020 postponed to 2021
News

World Nuclear Exhibition WNE 2020 postponed to 2021

November 16, 2020
Next Post
MHI Vestas secures spinner and nacelle covers supply in Taiwan

EC approves Vestas and Mitsubishi HI transaction to strengthen partnership in wind energy

LatestNews

EDF, Octo Energy partner on hybrid solar and storage projects
News

West Africa’s largest solar PV plant begins operation

November 30, 2020
India and the EU Will Drive an Expansion of Global Renewable Capacity Next Year
News

India and the EU Will Drive an Expansion of Global Renewable Capacity Next Year

November 30, 2020
MHI Vestas secures spinner and nacelle covers supply in Taiwan
News

EC approves Vestas and Mitsubishi HI transaction to strengthen partnership in wind energy

November 30, 2020
India experienced first decrease in carbon emissions in four decades
News

India experienced first decrease in carbon emissions in four decades

November 30, 2020
EDF Renewables, Mitsui break ground on 87-MW wind project in Morocco
News

SSE, Equinor to invest $8 bln in Britain’s Dogger Bank giant wind project

November 30, 2020
India offers support to Maldives efforts to develop green energy
News

India offers support to Maldives efforts to develop green energy

November 30, 2020
Power Gen Advancement

About Us

Power Generation Advancement is a leading information centric website providing latest up to date information and happenings within the industry. The website is sub divided into 3 sectors updating the latest news and developments about Power Generation industry through Renewable Energy, Nuclear Energy, Thermal Energy sources. Power Generation Advancement runs with an objective to provide a one stop knowledge driven content to our reader and subscribers in various forms like news, projects, upcoming events.

Resources

  • Advertise with us
  • Our Services
  • Contact Us
  • Download Mediapack
  • Newsletter Archive

System

  • Search
  • Sitemap
  • RSS Feed

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Market Moves
  • Press Statements
  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In