HSBC research on indian wind energy market
Propelled by a strong policy framework and improving cost competitiveness of wind technology compared to conventional generation, the Indian wind energy sector is expected to see an additional installation of 3000 MW this year, as reported HSBC global research.
Historically, predominantly the installations in the Indian wind market were by non-utilities/ non-developers. But, in the past two to three years there have been an emergence of various renewable developers.
The Research said that over 2011-15, about 7,500 MW of new wind capacity would be installed by "new breed of developers alone". This is estimated to be at an average of 1500 MW per annum.
