NTPC’s green energy arm eyes USD 1.2bn from Indian IPO
Sep 19, 2024 11:52 CESTIndia brought online 412 MW of wind turbine generation capacity in the third quarter of 2023, registering a 53% year-on-year drop, the latest statistics by Mercom India Research show.
The drop came as no capacity was commissioned in the states of Karnataka and Rajasthan, which are otherwise among the country’s leading states in terms of overall installed wind power capacity. In Karnataka, in particular, developers suffered from substation shortages and could not commission projects that were already completed.
Among the wind farms that started feeding electricity into the grid in July-September were a 107-MW plant in Gujarat installed by Apraava Energy, JSW Energy’s 103-MW park in Tamil Nadu and Adani Green’s 55-MW plant in Gujarat.
At the end of September, India’s cumulative installed wind turbine capacity stood at 44.2 GW. Gujarat, Tamil Nadu and Karnataka together own more than half of this total, with shares of 25.1%, 23.3% and 12%, respectively.
The Indian government has set an ambitious target for the country of having 500 GW of installed renewable energy by 2030, including 280 GW of solar power and 140 GW of wind power. During the current fiscal year ending March 2024, a tender programme is planned to facilitate the addition of 10 GW of wind turbines.
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