What is the size of Wind Energy Market in India | Industry Trends & Forecast 2026

What is the growth rate of the India Wind Energy Market?

The primary catalysts for this growth include the increasing number of renewable energy goals in place, the growing need for clean energy from industry and utilities, and the growing use of combined wind, solar and hybrid projects using energy storage systems.

Growth Factors for India Wind Energy Industry

• Implementation of large-scale wind bids and auctions is unlocking new capacity.
• Deployment of higher‐capacity turbines and improved wind-site efficiencies reduces generation cost.
• Expansion of grid transmission infrastructure and the Green Energy Corridor, enhancing power evacuation.
• Corporations and commercial users are adopting renewable energy procurement, including wind PPAs.
• Repowering of older wind farms and hybridisation with solar storage, increasing utilisation of existing assets.

India Wind Energy Market Trends

The India Wind Energy Market is seeing trends such as growth in hybrid wind-solar installations and wind with storage systems to address intermittency and firm supply needs. Onshore projects dominate while offshore wind is increasingly featured in state energy road-maps particularly in Gujarat and Tamil Nadu. Manufacturing localisation and domestic value-chains are strengthening, with turbine components and blade production expanding under “Make in India” initiatives.

Emerging Developments in the India Wind Energy Market

The India Wind Energy Market is witnessing developments including the roll-out of large wind-solar hybrid tenders, participation of major global OEMs alongside Indian manufacturers in turbine supply, and rising focus on repowering of ageing wind farms to boost capacity. Financial innovations such as green bonds, PPAs with industrial buyers, and merchant wind power sales are gaining traction.

List of Leading Companies in the India Wind Energy Market

Some of the leading companies include:

• Suzlon Energy Limited
• Vestas Wind Systems A/S
• Siemens Gamesa Renewable Energy
• Inox Wind Limited
• GE Renewable Energy
• Tata Power Company Limited
• Adani Green Energy Limited

Frequently Asked Questions About the Market Study (FAQs):