You are here: Home » News-IANS » Business-Economy
Business Standard

India 5th in wind power generation with 1,700 MW added in 2013

IANS  |  New Delhi 

India ranked fifth among top ten wind power producers in the world by adding 1,700 MW capacity in 2013, a global report on renewable energy said.

More than 35,000 MW wind power capacity was added worldwide in 2013 taking the total to 3,18,000 MW, to which India contributed 1,700 MW, said the Renewables 2014 Global Status Report.

"China was the leading wind power producer by adding 16,100 MW capacity in 2013, followed by the US, Germany and Spain," the report said.

In terms of annual investment in the wind energy sector and production, China ranked number one followed by Germany, Britain, India and Canada.

The costs of electricity generation from onshore wind and solar energy have fallen sharply over the past few years, which has resulted in an increase in wind and solar power projects being built without public financial support, according to the report.

"The wind industry continued to be challenged by downward pressure on prices, increased competition among turbine manufacturers, decline in key markets among other reasons," it said.

About 40,000 MW of new hydro power capacity was commissioned in 2013 increasing the total global capacity by 4 percent to around 1,000,000 MW.

China commissioned the most capacity in 2013 with 29,000 MW, while significant capacity was also added in Turkey, Brazil, Vietnam, India and Russia, the report said

India plans to increase its generation capacity to 55,000 MW by 2017 from the current level of around 30,000 MW.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, August 19 2014. 18:58 IST