Mordor Intelligence has published a new report on the “India Wind Energy Market Size” offering a comprehensive analysis of Share, Trends, Growth Drivers, and Future Projections.
India Wind Energy Market Introduction:
India wind energy market size is gearing up for substantial expansion. Based on the latest estimates, installed wind capacity is expected to jump from around 58 gigawatts (GW) in 2025 to approximately 150 GW by 2030, reflecting a compound annual growth rate (CAGR) of about 20.9%. That pace reflects new policy momentum, stronger private offtake, and greener industrial demand shaping the sector’s trajectory.
At present, onshore wind accounts for nearly the entire market-100% of capacity as of 2024. But the offshore segment is beginning to take shape, backed by a 35% CAGR forecast through 2030. Early-stage pilot schemes and funding signal India’s intent to grow beyond onshore deployment.
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India Wind Energy Market Key Players
- Inox Wind Limited
- Suzlon Energy Limited
- Vestas Wind Systems A/S
- These firms have strong order books, manufacturing bases, and momentum from turnkey or O&M contracts.
- Other significant names: Siemens Gamesa, GE Renewable Energy, Envision, and Tata Power, all active on either manufacturing or project development fronts.
India Wind Energy Market Trends:
Hybrid wind‑solar auctions are gaining traction. Almost 43% of renewable tenders in 2024 bundled wind with solar, up from 16% in 2020. By blending day and night generation, these tenders support more steady power delivery. Tariffs in Gujarat and Tamil Nadu sit in a competitive range of ₹2.58–2.67 per kWh, and such projects logged a 7.7 GW operational base in 2025, with another 30 GW in the pipeline.
The government rolled out a ₹74.53 billion viability‑gap funding scheme for offshore wind, focused on Gujarat and Tamil Nadu, unlocking ports and supply chains needed for up to 4 GW of initial offshore construction.
Repowering schemes are being activated to replace older turbines with modern, higher‑capacity ones-targeting 5–15 GW of legacy sites, especially in Tamil Nadu, Gujarat, and Maharashtra.
Green hydrogen demand is starting to shape wind deployment. The National Green Hydrogen Mission, backed by ₹3.13 lakh crore in funding, aims at 5 million tonnes per year by 2030. Industrial hubs in Gujarat, Odisha, and Maharashtra could become anchor customers for high‑load‑factor wind farms.
India Wind Energy Market Recent developments:
Suzlon reported a 377% surge in Q4 FY25 net profit and has built up a 4,500 MW domestic manufacturing base.
KK Wind Solutions opened a large converter/control‑system plant in Bengaluru in May 2025.
ONGC‑NTPC Green acquired Ayana Renewable Power (4.1 GW portfolio) in March 2025.
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India Wind Energy Market Segmentation
By Geography
- Gujarat, Karnataka, and Tamil Nadu accounted for 98% of new capacity additions in 2024.
- Gujarat led with 1,250 MW added in 2024-its resource quality and hybrid auctions are key drivers.
- Rajasthan shows the fastest growth outlook, growing at ~18.6% CAGR into 2030.
- Tamil Nadu has launched repowering for its ~10,790 MW legacy base.
- Karnataka saw 1,135 MW in 2024, but land issues may slow its near‑term pipeline.
Conclusion:
India’s wind energy market is on a path to major expansion. Backed by nearly 21% CAGR, capacity is likely to climb from around 58 GW in 2025 to a planned 150 GW by 2030. Onshore wind remains central, but offshore is emerging with strategic funding in place. Hybrid auction formats, repowering efforts, and growing industrial and corporate demand-including green hydrogen-are broadening the base of wind deployment.
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