India ranks 4th in world in cumulative installations of wind projects
And fifth largest annual market globally.
It has been noted that India continues to be the second largest wind market in Asia, and in 2015 passed Spain to attain 4th place in terms of cumulative installations.
According to a research note from Global Wind Energy Council, the Indian wind sector has struggled over the years to repeat the strong market performance of 2011 when over 3 GW was installed. 2015 seems to signal the onset of a recovery phase given the government’s desire to address some of the structural bottlenecks in the market.
India’s new wind energy installations totaled 2,623 MW in 2015, for a total of 25,088 MW. This kept the Indian wind power market for 2015 at #5 globally. The total grid connected renewable energy installations in the country reached approximately 39,411 MW6
The Indian government has committed to a target of 175 GW of renewables by 2022, including 100 GW of solar capacity and 60 GW of cumulative wind power capacity. The government has also indicated its support for rapidly growing the power sector, renewables being a core part of this strategy
Here's more from Global Wind Energy Council:
India continued to be the fifth largest annual market globally, adding 2,623 MW of new wind power to reach a total of 25,088 MW, garnering a 5.8% share of the global market in 2015, and passed Spain to move into fourth place in the cumulative global rankings. Wind power accounted for over 8.7% of the total installed capacity in the country1, and almost two-thirds of the renewables installed capacity.
In February 2015, India committed to installing 60GW of wind and 100 GW of solar by 2022. Further, India made a commitment at COP21 to raise the share of non-fossilfuel power capacity in the country’s power mix to 40% by 2030.
India was also among the top ten countries in terms of renewable energy investment, which rose to USD 10.2 billion (EUR 8.9 bn2).