Business Standard

The buzz in clean energy

Renewable energy is experiencing a global surge, and India is among the five nations at the forefront of this change

Renewable energy, wind power
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Photo: Bloomberg

Vandana Gombar

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Wind power is having a moment. Global installations are on the rise and are expected to remain buoyant over the next few years. Almost 110 gigawatts of new onshore and offshore wind capacity will be added in 2023, according to the most recent update from BloombergNEF, despite the challenges of input cost inflation and approval bottlenecks. Moreover, additions will be more than that in all subsequent years.

India is one of the world’s large gigawatt-scale markets and is also seeing a burst of activity. Cost-competitive wind power was a focus area in billionaire Mukesh Ambani’s plans for his conglomerate, Reliance
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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