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29 Jul 2020
As part of a raft of initiatives aimed at reviving commercial activity after the COVID-19 crisis, Basque Trade & Investment and the Basque Energy Cluster (ACE) have come together to offer a cycle of webinars on emerging markets in the wind power sector. The third session, held on 29 July, focussed on the Indian wind power market, where there are excellent perspectives for growth over the coming years.
India's installed wind capacity of 38 GW is the fourth largest in the world, and the country is also one of the most ambitious with regard to implementing clean energy options. On 21 July, India confirmed its target of 60% renewable capacity by 2030, including 140 GW wind power.
The webinar featured managers form the Indian Wind Turbine Manufacturers Association (IWTMA), Siemens Gamesa and Renew Power, who spoke of perspectives and opportunities on the Indian market. IWTMA and Renew Power focussed on the growth of wind power in India and renewables in general, indicating that the offshore wind sector still has many challenges to face before reaching the market and that no major developments are expected over the coming five years. Siemens Gamesa outlined its vision of the market and the opportunities for suppliers in India, enumerating the requirements for new wind power businesses in the country. It also explained that India is reliant on imports for many turbine components.
Lastly, PDA Trade Fairs spoke of the annual Wind Energy India fair, the only annual event in India to focus exclusively on the wind power sector.
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