The wind sector is experiencing a huge impetus due to geopolitical tensions and the Government of India's objective of achieving 450 gigawatts of renewables by 2030. MNRE has set up a target of floating 10-gigawatt wind of power bid every year until 2028, and approximately 100-gigawatt wind power projects are expected to be commissioned by the end of 2030.
Orders and Capacity:
Inox Wind received another 200 megawatts order from NTPC, with a total current order from NTPC alone of 350 megawatts. Inox Wind has successfully commissioned its first 3.3-megawatt prototype wind turbine, which is expected to provide significant growth opportunities. Inox Green Energy Services Limited, IGESL, has acquired 51% stake in I-Fox Windtechnik India Private Limited, adding 230 megawatts to the Inox Green portfolio. Inox Wind is sitting on a large order book, and the new 3.3-megawatt turbine will substantially add to its revenues and profitability. Inox Wind aims to do at least 500 megawatts of installations in FY '24.