WEBCAST-INDIA WIND ENERGY OUTLOOK AND COVID-19 IMPACT
Despite high capacity targets for wind energy and its strong cost-competitiveness, new installations in the Indian wind market have declined by 50% over the last two years. The government conducted auctions for more than 7.7 GW of capacity in 2019, of which only 2.4 GW was subscribed, remaining were either unsubscribed or, canceled/abandoned after being awarded.
The market is expected to be lumpy in the next three years due to supply and demand realities. Due to this market uncertainty, installation outlook varies between 48-54 GW by 2023, against the target of 60 GW.
Watch our webcast, hosted in partnership with GWEC, to learn more about what the future holds for India’s wind energy industry and how critical assumptions impact the overall volume. Experts also addressed how COVID-19 is impacting the Indian wind market, the effects of the ongoing lockdown, future demand-side and supply-side risks, and where the industry stands today.
- Opening remarks and introduction to GWEC’s COVID-19 Response Hub – Ben Backwell, CEO, GWEC
- Market outlook for India’s wind sector and demand-side risks from COVID-19 – Sidharth Jain, Managing Director, MEC+
- Policy update and growth opportunities – Amar Variawa, Director Public Affairs Vestas India and SE Asia
- Supply-side impacts of COVID-19 in India – Feng Zhao, Strategy Director, GWEC
- Q&A – Moderated by Francis Jayasurya, India Director, GWEC
MEC+ is also planning to organize a series of webinars in the future. The topics will be:
- Offshore Wind in India: Outlook and Feasibility
- C&I market: Challenges going forward
- Supply chain set up in India: Focus on the Domestic market or Export market?
If you are interested in the above-mentioned webinars or getting insights on any other topic related to India renewable sector, please write to firstname.lastname@example.org