India’s wind power capacity is inadequate to meet the renewable energy target by 2030. While rates have already been increased, it is still important to increase wind capacity to achieve its target.
According to a new report by Ember, India is at risk of achieving its targets to reach 509 GW of renewable energy by 2030 including 110 GW of wind capacity. The country needs to upgrade its installation capacity as suggested by the report. To meet its ambitious goal, the government has to install 9.3 GW of wind capacity every year from 2024 to 2030.
For the year 2023, the installation rate of wind capacity is 2.8 GW. The report also highlights that national wind targets for 2030 projects are set to more than double global wind capacity but we still need to convert it to thrice the wind capacity to reach the target. With a growing target of 2,157 GW by 2030, a 2.4-fold expansion from the 2022 level of 901 GW is predicted.
Source : Ember
To achieve global tripling, 585 GW of renewable energy would need to be added. An electricity analyst at Ember, Dr Katye Altieri has criticised the importance of solar energy compared to wind energy. Despite the heavy advantages of wind energy including cost-effective electricity it also complements with solar energy. At the UN’s COP28 conference, all the countries agreed to triple the global energy capacity by 2030. The International Energy Agemcy (IEA) considers it important for reducing carbon emissions and achieving the 1.5°C climate target.
The report revealed an analysis of wind energy targets from 70 countries and the EU, who represent 99% of global wind capacity. The report predicts an increase in wind power generation globally, which is led by China. By 2030, China is expected to triple its wind capacity and contribute over half of the world’s wind installation between 2024 and 2030.
A new report highlights wind energy is crucial for the renewable energy revolution, with solar energy. The report focuses on expanding wind power capacity, with significant policy, regulation, and finance already available. GWEC CEO Ben Backwell highlights the urgency of boosting wind energy to meet climate change goals and secure a sustainable future.
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