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International companies now manufacture wind turbines in India through either joint ventures under licensed production as subsidiaries of foreign companies or as Indian Companies with their own technology.
Over the past few years, both the government and the wind power industry have succeeded in injecting greater stability into the Indian market. This has encouraged larger private and public sector alter prills to invest in wind It has also stimulated a stronger domestic manufacturing sector; some
components for their turbines in India. The current annual
about 3,000-3,500 MW, including turbines for the domestic as well as for the export markets. However, the actual number of turbines produced is driven by market forces, and high interest rates often do not allow for the accumulation of inventory. Thanks to new market entrants, it is expected that the annual production capacity will rise to 5,000 MW per year by 2015.
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Idigenously produced wind turbines and turbine blades have been exported to the USA,Europe,Australia,China and Brazil.
Generating increased volumes of wind powered electricity will require a considerable level of investment over the next 20 years. At the same time raising the contribution from the wind will have substantial benefits for the global climate, reduction of air pollution, economic development and increased job creation in India, and thus provide a significant boost to the indian economy.
The relative attraction to investors of the wind energy market t on a number of factors. These include the capital cost of installation, the availability of finance, the ricing regime for the power output generated and the expected rate of return.
The investment value of the generation equipment in the future wind energy market envisaged in this scenario has been assessed on an annual basis. This is based on the assumption of a gradually decreasing capital cost per kilowatt of installed capacity, as explained above.
In the Reference scenario the annual value of investment in wind power equipment in India falls from 96.3bn Rs in 2008 to just 43 bn Rs in 2010 and to 30.5bn Rs bn by 2020, where it will level off [all figures at €2008 values]. In the Moderate scenario the annual value of investment in the Indian wind power sector reaches 111 bn Rs in 2010 and around 412 bn Rs by 2020. In the Advanced scenario the annual value of investment reaches 199 bn Rs in 2010 and reaches around 472 bn Rs by 2020. All these figures take into account the value of repowering older turbines.
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