India will auction 40 GW of renewable energy projects comprising 30 GW solar and 10 GW wind every year for the next 10 years till 2028, indicating huge potential for domestic manufacturers and developers, a senior official said.
Global wind energy capacity could increase by more than half over the next 5 years, as costs continue to fall and the market returns to growth at the end of this decade.
The trade-off between lower costs and delivering the targeted wind energy capacity needs urgent attention.
Piyush Goyal said India should strive for 50 pc of its power capacity from renewable sources by 2030 on the back of technological advancements in solar and wind energy.
NTPC said two of its units will begin commercial operations this month, enhancing the generation capacity of NTPC Group to 50,108 MW.
NTPC's power generation capacity has been increased by 290 MW after commissioning of 40 MW at Rojmal wind project and 250 MW at Nabinagar thermal plant.
Wind energy has experienced steady development in the last 7-8 years as the govt plans a major 'green corridor' project to transport surplus renewable energy.
The government is coming up with an Off-shore Wind Policy, which will be a precursor to a broader National Wind Mission.
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