ICRA had said earlier this year that it expects wind based capacity addition during the current FY 2011-12 at about 2800 MW (against actual of 2350 MW in FY 2011), and the same to grow at an annual rate at about 15% going forward, supported by growing demand from Independent Power Producer (IPP) segment.
The Ministry of New and Renewable said towards the end of last year that it has seen a significant growth with a number of new initiatives in the renewable energy sector. The wind energy sector picked up momentum again by adding over 2800 MW capacity resulting in grid-connected renewable power capacity crossed the 22,000 MW milestone which is about 11% of the total power generation capacity of the country.
According to the Indian Wind Turbine Manufacturers Association (IWTMA), 2011 installations pushed India’s total capacity to just over 16,000 MW. “India reached another milestone with adding over 3000 MW of wind power installed in 2011. This is likely to go up to 5000 MW per year by 2015. Ongoing initiatives of the Indian government to create new policies will attract large quantities of private investments to the sector”, said D.V. Giri, Chairman of the Indian Wind Turbine Manufacturers Association.