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Noida, Uttar Pradesh, India, 2011/02/23 - Government support and private sector investments will drive cumulative wind installed capacity to grow at 14% CAGR during FY 2011-FY 2014, says RNCOS.
According to our latest research, “Indian Wind Energy Sector Analysis” India has been at the forefront of global wind energy sector developments. Favorable climate conditions and regulatory support paved the way for investors and companies to establish large number of wind power plants, which propelled capacity additions and uplifted wind power outlook in the overall renewable energy market. Considering the current industry trends and futuristic developments, the report further revealed that cumulative installed capacities will advance at a CAGR of 14% during FY 2011-FY 2014.
The research identified that wind power seems to be the ideal choice for the nation as it is of moderately low cost compared to other renewable sources. Moreover, it is a pollution free source of energy. With technological advancements, wind will become an extremely competitive source of power generation, thus creating immense business opportunities for manufacturing and material procurement companies. This, in turn, will drive the growth of the manufacturing sector of the nation.
Further, improving performance and reliability of wind turbines and decreasing gestation period of installation has positioned India as one of the most dynamically growing wind energy markets in the world. The wind power contributes 70% of the grid interactive renewable power installed in India, which is expected to remain almost constant in the coming years. With the continuous public and private sector participation, the sector is all set to dynamically expand in the country, which will lure international majors for plant set up and business execution.
Our report, “Indian Wind Energy Sector Analysis” has been authored to evaluate wind power market potentials in India. The study is an outcome of extensive research and conceptual analysis of the industry within Indian perspective. It provides statistics/information on sector developments on country as well as state levels. Forecast for future wind capacity additions has been provided for all prominent states, which will help clients to refine their investment decisions on the basis of grass root developments. Additionally, wind costs analysis facilitates essential understanding on project cost structure. A brief overview of business description and significant developments of key industry players currently operating in the industry has also been covered in the report to provide a balanced research outlook of the industry.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.