Wind Energy Policies in India and the Way Ahead

Favourable policies and fiscal incentives like Accelerated Depreciation, Generation Based Incentives, RPOs, Wheeling and Banking polices have driven the India's wind energy sector to become 4th largest wind energy producer in the world with an installed capacity of 40. 35 GW GB of as on 31 Mar 2022. Indian government has stated goal of 450GW of Renewable Energy by 2030 out which 140GW is of wind energy. Introduction of reverse auctions and subsequently COVID-19 has slowed down the sector and Wind Power Developers today face major challenges of land acquisition, power transmission and evacuation infrastructure. Offshore wind energy projects are yet to take off, however wind solar hybrid project auctions have become competitive. Through this paper an attempt has been made to highlight all the central and state government policies and fiscal incentives which have driven the growth of wind energy in India, barriers and challenges the sector faces and the way ahead.