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India’s role in global oil and gas markets is expected to expand substantially, with the energy demand projected to double by 2050, fuelled by strong economic and population growth.
India’s wind capacity needs to grow from 2.8 GW to 9.3 GW annually to hit 2030 goal
India faces a significant challenge in meeting its 2030 wind energy targets, according to a new report by energy think tank Ember.
New Delhi: India faces a significant challenge in meeting its 2030 wind energy targets, according to a new report by energy think tank Ember. India aims to build 509 GW of renewables by 2030, including 110 GW of wind, but current installation rates fall short. In 2023, India added only 2.8 GW of wind capacity, far below the required annual addition of 9.3 GW from 2024 to 20
The global picture also reveals shortfalls. While global wind capacity is projected to double by 2030, reaching 2,157 GW, this is a 2.4 times increase from the 901 GW recorded in 2022. However, an additional 585 GW is needed to achieve the tripling target necessary to meet climate goals.
"Governments are lacking ambition on wind, and especially onshore wind," said Dr. Katye Altieri, electricity analyst at Ember. "Amidst the hype of solar, wind is not getting enough attention, even though it provides cheap electricity and comp
At the UN’s COP28 climate change conference in December, countries agreed to triple global renewables capacity by 2030. The International Energy Agency (IEA) declared this action as the ‘single most important lever’ to cut emissions this decade and keep the 1.5C goal within reach. According to the IEA, wind capacity should also at least triple to meet this goal.
The report analyzed 2030 national wind targets in 70 countries plus the EU, which collectively represent 99% of current global wind capacity. The analysis suggests that global wind capacity will double, primarily due to China’s expected over-delivery, while the rest of the world is on course to under-deliver. Industry forecasts indicate that China is set to triple its wind capacity by 2030, continuing to account for over half of global wind additions annually from 2024 to 2030.
In contrast to India's struggles, other countries show varied progress. The US does not have an explicit target, but modeling suggests an increase in wind capacity from 142 GW in 2022 to 369 GW in 2030, requiring 32 GW of wind annually from 2024 to 2030. However, the US added only 6.4 GW in 2023, indicating a need for a substantial ramp-up.
Brazil needs to build 0.3 GW of wind annually from 2024 to 2030 to meet its targets. In 2023, Brazil added 5 GW, and per IEA forecasts, it will continue to add an average of 2.4 GW per year until 2030. Türkiye aims to generate 12% of its electricity from wind by 2030, a target it has nearly achieved, though its potential suggests it could aim higher.
Solar and wind are expected to provide over 90% of the growth in renewables capacity needed for a global tripling. To achieve this with increased efficiency, a rapid scale-up in wind power is essential. The growth in a few countries and upward revisions of forecasts in key regions indicate that with the right combination of policy, regulatory, and financial support, rapid and large-scale wind growth is feasible.
"Wind energy must be at the heart of the energy transition," said Ben Backwell, CEO of GWEC. "Every gigawatt installed is another step towards a confident green world. Targets play a key role in setting out a direction of travel, but the only thing that truly fights climate change, delivers clean industry, and provides secure energy is genuine action that delivers on those targets."
Published On Aug 9, 2024 at 08:01 AM IST
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