The wind energy capacity in India stood at 43,650 MW in 2023. The forecasted figures for 2024 to 2028 show consistent growth, starting at 45,300 MW in 2024 and reaching 51,800 MW by 2028. The year-on-year growth rates from 2024 to 2028 indicate an annual increase of approximately 3.65% to 3.17%. The Compound Annual Growth Rate (CAGR) over this forecasted period averages at about 3.5%. This steady increase highlights India's strong focus on expanding renewable energy sources.
Future trends to watch for:
- Technological advancements in wind turbine efficiency and energy storage solutions.
- Government policies incentivizing the expansion of wind farms.
- Integration of offshore wind projects, potentially diversifying geographical advantages.
- Increased investment in grid infrastructure to enhance capacity absorption.