(FE)
India’s annual capacity addition of wind power is expected to more than double to 7.1 gigawatt (GW) on average in the next two financial years, compared with 3.4 GW during the 2023-2025 period, driven by government measures to ramp up the pace, according to Crisil Ratings. The expected capacity addition will take the installed wind capacity up to 63 GW by FY27.
The capacity addition over FY23-25 continued to remain tepid in the range of 6-7 GW on account of fewer successful auctions of wind capacities. “These were largely due to lower interest from developers on account of low tariffs that dampened returns for developers along with issues in terms of availability of land and transmission infrastructure at sites with high wind potential,” analysts at Crisil said.
