Friday, April 21, 2006

India adds 1,702 MW wind energy capacity in FY06

India adds 1,702 MW wind energy capacity in FY06

April 20, 2006

MUMBAI (Reuters) - India added 1,702 megawatts of wind energy capacity in the year to March 2006, taking its total capacity to 5,300 MW, an industry association said on Thursday.

With this, India now has the fourth largest capacity in the world only behind Germany, Spain and the United States, the Indian Wind Energy Association (INWEA) said in a statement.

With a capacity of around 59,000 MW at the end of 2005, wind energy accounts for around 1 percent of global electricity generation.

INWEA said India's growth was largely driven by increasing energy shortage and shorter gestation periods for installing wind energy plants.

The country boasts of equipment manufacturing capacity worth 2,000 MW and expects exports to grow exponentially as the global wind energy market is seen expanding to 25,000 MW by 2010.

Led by key listed wind energy companies such as Suzlon Energy and NEPC India, India is set to become the manufacturing hub for wind energy machines.