Wind energy has huge potential in India, to cost less by 2026: GWEC
Wind energy in India has huge potential, with its cost of generation being 40 per cent lower than that of conventional sources of power, according to the Global Wind Energy Council, which has released a study titled “India Wind Energy Market Outlook 2022-2026”.
The levelised cost of energy (LCOE), or the net present cost of generation for a generator over its lifetime, for wind is expected to be Rs 2.8-3.3/Kwh, the study says.
The prices of wind-energy instruments like turbines have risen owing to the increase in global logistics costs and the recent surge in goods and services tax. Despite these hiccups, India is expected to install more than 19 Gw in the next five years, peaking in 2024, says the study.
