NewswireToday - /newswire/ -
Delhi, New Delhi, India, 2006/10/17 - Wind energy is one of the most effective renewable energy technologies to meet both the environmental challenges and the rising demand for energy worldwide..
India had 4,430 megawatts of installed wind energy capacity at the year-end 2005, however the country plans to add around 5,000 megawatts within the coming five years. The country intends to double its wind power generation capacity by the year 2010, as it is seeking alternative fuels for gas, oil, and coal.
Wind power generation capacity in India increased by a record 48 percent in 2005, with the addition of above 1,430 megawatts of capacity. This growth has been supported by the speedy approvals of investments and tax breaks.
The Minister of State for Non-Conventional Energy Sources, Vilas Muttemwar, said that some obstacles must be overcome, so that the planned growth can be realized in this sector. This would include the development of turbine technologies to be used with low speed winds.
RNCOS has recently published a report “Global Wind Energy Market (2006)” that provides research and objective analysis on Global wind energy Industry. According to this report, “For long term prospective it’s expected that around 5,000 megawatts of capacity will be added by the year 2010 in this market. However, for short term IWTMA (Indian Wind Turbine Manufacturers Association) is anticipating an average of 1,500 megawatts to 1,800 megawatts of new installations per year for the coming 3-years for wind alone”.
The research report helps clients analyze the following issues and facts:
- Current developments in the Global Wind Energy industry
- Opportunity areas for the players in this industry
- Challenges before the global wind energy industry
- Potential outlook of the global market in wind energy.
About the report
This report is an excellent decision making tool for businesses, investors, researchers, analysts and consultants who are closely monitoring the trends and developments in the global wind energy industry.
RNCOS, incorporated in 2002, provides Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.