STUDY ON BUSINESS OPPORTUNITIES FOR WIND POWER PROJECTS FOR NEW MARKET ENTRANTS IN INDIA

Abstract

Wind Power is one of the important alternatives in the energy sector to reduce dependency on fossil fuels”. The development of wind power is the key to fight against climate change. Most importantly, wind power would save 1.5 billion tons of CO2 emissions in 2020. “The Energy Roadmap -2050” is an industry blueprint that explains how wind power could supply 16.5% of the world’s electricity by 2020 and 34% by 2050”. “India has a vast potential in wind energy, India has now gained sufficient technical and operational experience in wind energy sector; Apart from offering as a viable option in the energy supply mix, and wind energy sector also offers an attractive investment option to the private sector”. “The recently announced policies and renewable purchase obligation are the key drivers towards encouragement of private sector developers to come up with wind power generation plans”. The report starts with an overview of current wind power scenario in India and abroad. This section further covers basic technology behind electrical energy generation from wind power. After studying the current situation, the report further delves into the potential held by wind resources of the country. The report looks into the contrasting findings of different agencies in relation to the wind energy potential.