Future of Wind Energy in India
9 Pages Posted: 4 Feb 2016
Date Written: February 1-2, 2016
Demand for energy is bound to increase with the increased economic development in the country. Indian economy is reviving after sluggish growth in the last three years and expected to grow at faster pace in the times to come. It will further push the demand of electricity in almost all the sectors i.e. household, agriculture, commercial, institutional and industrial sector. Indian electricity sector is predominated by the fossil fuel based thermal power plants but recently we are shifting towards the renewable energy to arrest the GHG emission. Solar and wind energy can play a vital role in supplying clean and green energy. Present paper tries to find out the role wind energy can play in the generation mix of power sector in India. It tries to estimate the total production of wind energy by 2050 in India. Though regression equation is used for estimation, yet no statistical tool is efficient enough to estimate for such a long period in future. Therefore, personal estimation of total wind power generation is proposed to guide the policy-maker and industrial leaders. It also tries to find out potential impact of 'Make in India' on cost and social acceptability of wind energy.
Keywords: Renewable Energy, Electricity Demand, Wind Energy, Generation Mix, GHG Emission
JEL Classification: N70, Q42
Suggested Citation: Suggested Citation