Abstract
Wind energy being one of the cheapest and easily available sources of energy is very important to meet increasing demand for green energy in India. Wind energy is a clean, eco-friendly, renewable resource having better spread across the country compared to most of the conventional energy sources. This review covers recent developments in the field of wind energy in the country and highlights progress in the areas of wind installation, production, and consumption actively supported by policy formulations, design, and implementation of incentive schemes, and monitoring the effective implementation of the policy frameworks. Further, this paper reviews existing drivers and bottlenecks and identifies future drivers of wind growth in India. It is found that financing of wind projects remains as one of the most important challenges, and the Ministry of New and Renewable Energy is constantly trying to overcome the same. It is anticipated that future wind power developments will be largely driven by the formation of Renewable Energy Act, successful implementation of Offshore Wind Energy Policy, and low-cost financing.
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Abbreviations
- ADB:
-
Accelerated depreciation benefit
- CERC:
-
Central Electricity Regulatory Commission
- COP:
-
Conference of Parties
- CTU:
-
Central transmission utility
- EEZ:
-
Exclusive economic zone
- GBI:
-
Generation-based incentive
- IREDA:
-
Renewable energy development agency
- LCOE:
-
Levelized cost of electricity
- MNRE:
-
Ministry of New and Renewable Energy
- NBFCs:
-
Nonbanking financial companies
- NEP:
-
National electricity policy
- NIWE:
-
National Institute of Wind Energy
- NOCs:
-
No-objection certificates
- NOWEP:
-
National offshore wind energy policy
- PPA:
-
Power purchasing agreement
- REC:
-
Renewable Energy Certificate
- RECRI:
-
Renewable Energy Certificate Registry of India
- RPO:
-
Renewable Purchase Obligation
- SERC:
-
State Electricity Regulatory Commission
- STU:
-
State transmission utility
References
Papers of particular interest, published recently, have been highlighted as: • Of importance •• Of major importance
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Kar, S.K. A Short Review of Wind Energy Progress in India. Curr Sustainable Renewable Energy Rep 3, 92–100 (2016). https://doi.org/10.1007/s40518-016-0053-1
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DOI: https://doi.org/10.1007/s40518-016-0053-1