Forecast: Wind Energy Generation in India

India's wind energy generation has seen significant growth from 2013 to 2023. In 2023, the generation stood at 73.75 terawatt-hours, marking a consistent increase over the years despite some fluctuations. The year-on-year variation has shown both positive and negative growth rates, such as a notable increase of 32.72% in 2016 and a minor decline of -4.56% in 2020. Over the last two years, the year-on-year growth rate was 2.87% in 2022 and 5.28% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years has been 4.1%.

Future trends to watch for:

• Continued growth in wind energy capacity, driven by policy support and technological advancements.
• Integration of wind energy with other renewable sources to enhance grid stability and efficiency.
• Potential challenges related to land availability and grid connectivity which need addressing to sustain growth.