India has the fourth largest installed capacity of wind energy in the world, with the addition of 41 GW as of June 2022.
India’s wind capacity target for 2030 is 140 GW, and the current wind installation achieved until April 2023 is 42.
Offshore wind trends are going to blow faster and steadier as compared to onshore wind.
India’s energy demand is expected to grow at about 3% per annum till 2040, which necessitates the development of more clean power sources to fulfil this demand.
Despite its enormous potential, India has thus far lagged behind its global peers with no installed offshore wind capacity in the country despite the international market size reaching close to 75 GW.
