( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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A STUDY TO ANALYSE THE POTENTIAL OF WIND ENERGY SECTOR IN INDIA AND CHALLENGES FACED BY THE INVESTORS.

    1 Author(s):  VAIBHAV SHAHAJI PATIL . DR. PRADIPKUMAR SINHA . DR. PARAG NARKHEDE

Vol -  7, Issue- 7 ,         Page(s) : 59 - 69  (2016 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

Developing country like India needs to consume more energy to ensure their economic growth. Rapidly increasing energy demand and growing concern about economic and environmental consequences call for effective and thorough energy governance in India. Today, India is mostly relying on the thermal energy but other forms of energy like Solar, Wind etc., are fast on rise. Renewable Energy (RE) is accepted as a key source for the future, not only for the world, but also for India. According to clean energy mission of India, country aims to double its renewable energy capacity from 25,000MW in 2012 to 55,000MW by 2017.The urgency of this decision is due to scarcity of fossil fuel faced by the nation clubbed with the alarming rise of CO2 emissions. As of now, the renewable energy accounts for around 13 per cent of total installed capacity, with the largest share from wind energy which stands at around 70 per cent. There are two forces that will drive the growth of wind energy in India. One is the rising energy demand in India and the other is obligations on India’s part to encourage clean development. share of renewable energy in the country’s total energy mix rising from 7.8% in the financial year 2008 to 12.3% in the financial year 2013. India had about 28.7 GW of installed renewable energy capacity as on December 2013. Wind accounts for 69% of the capacity, with 19.3 GW of installed capacity, making India the world’s fifth largest wind energy producer. Due to hurdles investors are not coming forward to invest in wind energy. In the present scenario, Wind energy is techno-economically viable efficient alternative to fossil fuel, due to its zero emission factor and non pollutant nature, as in power generation process it does not emit greenhouse gases.

1 http://www.gwet.net
2 http://www.mahadiscom.in
3 http://www.suzlon.com/about_suzlon/
4 Indian Wind Power Directory- fifteenth Annual Edition – July 2015
5 http://www.ireda.gov.in
6 http://www.niwe.res.in
7 http://www.mnre.gov.in
8 Indian Wind Turbine Manufacturers Associationhttp://www.iwtma.in

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