Mr. Swaminathan Krishnamurthy, Associate Director, Climate Change & Sustainable Services, Ernst & Young India has suggested that India’s coastal states should look at offshore wind farms to generate energy. With a coastline of over 7,500 kms, India has a natural advantage to go for offshore wind energy.
Power India found that, in Europe nearly 3 GW capacity of offshore wind projects are installed.
As per the analysis done by Power India as on March 31, 2012, India is having total installed power capacity of around 199.6 GW. Out which renewable energy’s contribution was only 23 GW (12.5%) which is at a very low level considering the abundant natural resources available in the country. Further even within the renewable energy nearly 70% comes from wind energy.
As said by Mr. Krishnamurthy:
“How are we going to meet international requirements that require use more of renewable energy. In the wind energy sector, there is a major chunk of old machines, which are of around 250 kW capacity. There is a huge scope to refurbish this to generate more energy. However, this is a major challenge to overcome”
India has the fifth largest installed wind power capacity in the world. It is estimated that 6 GW of additional wind power capacity will be installed in India by this year, taking the total installed capacity beyond 15GW.
The total potential for wind power in India was first estimated by the Centre for Wind Energy Technology at 45 GW, and recently increased to 48.5 GW. With larger turbines, greater land availability and expanded resource exploration, the potential could be as high as 100 GW. This potential for wind energy significantly widens the attractiveness of the Indian wind energy segment.
The growth in wind energy sector is expected to bring forth a whole range of opportunities for Indian entrepreneurs and businesses, and these opportunities are present along the entire wind energy business value chain.
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