Wednesday, September 16, 2009

Indian wind energy could cover 24% of the country’s power needs by 2030


Honorable Minister for New and Renewable Energy, Govt. of India, Dr. Farooq Abdullah released a book titled “Indian Wind Energy Outlook 2009" on the 9th September 2009 in New Delhi. This report is published jointly by the Global Wind Energy Council (GWEC) and Indian Wind Turbine Manufacturers Association (IWTMA).

The study examines the potential of wind power in India up to the year 2030 and found that the technology, re-powering, untapped off-shore potential and furthering wind resource assessment could play a key part in the nation’s effort to provide energy to its ever growing demand in an economy which will boom and at the same time combat climate change.

“India is already an established force in the global wind energy markets, and yet, it has the potential to achieve so much more,” said GWEC Secretary General Steve Sawyer. “Wind energy can be deployed at a very large scale in a very short period of time. With the right support, it can make a major difference in improving India’s energy independence by providing it with vast amounts of clean, indigenous energy.”

The report explains how wind energy can provide up to 24% of the India’s power needs by 2030 while attracting 475 bn Rs in investment every year and creating 213,000 ‘green collar’ jobs in manufacturing, project development, installation, operation, maintenance, consulting etc. At the same time, it would save a total of 5.5 bn tons of CO2 in that timeframe.

The ‘Indian Wind Energy Outlook’ explores three different scenarios for wind power – a Reference scenario based on figures from the International Energy Agency (IEA); a Moderate version which assumes that current policy measures and targets for renewable energy are met; and an Advanced Scenario which assumes that all policy options in favour of renewables have been adopted. These are then set against two demand projections for electricity demand.

Mr. D V Giri, Chairman, IWTMA, said, “In our rapidly growing economy, the security of energy supply is key and wind energy potential must not be wasted. Deploying wind energy at a large scale would help us to realize significant economic and environmental benefits. We now urge the government to fast track proposals to introduce a National renewable energy policy to help the industry to make this happen for India. He also added, “IWTMA plays a significant role as turnkey solution providers with ‘state of the art’ technology to its customers.”

Mr. Arthouros Zervos, Chairman, GWEC, said, “This report demonstrates that wind technology is not a dream for the future – it is working now, and ready for tackling India’s energy challenges.” He also added, “The political choices of the coming years will determine the world’s and India’s, environmental and economic situation for many decades to come. The wind industry stands ready to do its part in what the UN Secretary General has described as ‘the defining struggle of the 21st century’. With sufficient political will and the right frameworks, it could do even more”.

To date, 10 Indian states have implemented supporting policies for wind energy. The Ministry of New and Renewable Energy (MNRE) is currently considering plans to introduce Generation Based Incentive (GBI) which is expected to attract Foreign Director Investment (FDIs) and Independent Power Producers (IPPs).

The report is part of a wind industry campaign entitled ‘Wind Power Works’, which is coordinated by GWEC and supported by IWMTA. Its aim is to increase government awareness and positive action on wind energy in the run up to the COP 15 climate talks in Copenhagen in December 2009.

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