New Delhi: India is likely to install 54.7 GW of wind capacity by 2022 against the 60-GW target set by the government, Fitch Solutions Macro Research has said in a report.
The country has set an ambitious target of installing 175 GW of renewable energy capacity by the year 2022, which includes 100 GW from solar, 60 GW from wind, 10 GW from bio-power and 5 GW from small hydro-power.
“We remain cautious on India meeting its ambitious 2022 targets for wind power capacity growth, as land acquisition issues and grid bottlenecks will lead to delays to project implementation in the sector… We forecast India to install 54.7 GW of wind capacity by 2022, compared to the 60 GW government target,” Fitch Solutions Macro Research, unit of Fitch Group, said in its outlook for the country’s renewable energy sector.
