Introduction
India wind energy market 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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Key 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.
- Corporate power purchase agreements (PPAs) are on the rise, particularly from data‑center operators seeking round‑the‑clock wind‑solar combinations. These PPAs are adding to demand and helping developers lock in bilateral contracts for new capacity.
Challenges to keep an eye on include the expiry of inter‑state transmission waivers in mid‑2025 and land constraints at the state level, both of which could slow near‑term additions. Still, growing domestic manufacturing and new industrial demand offer longer‑term upside.
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Market Segmentation
By Sector
- Onshore
Accounts for 100% of current capacity (2024). Strong manufacturing base—about 18 GW annual turbine production—and competitive tariffs (₹2.68–3.6/kWh) make onshore the backbone of India’s wind landscape. - Offshore
Still emergent, but expected to grow at ~35% CAGR through 2030, supported by funding and rich coastal potential (70 GW technical potential off Gujarat and Tamil Nadu).
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.
Other states such as Maharashtra and Andhra Pradesh also play roles—e.g., Andhra’s banking regulations support cash flow—but they trail the front‑runners
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Key Players
Market leadership is shared between domestic and global players. According to Mordor Intelligence, firms with leading market share in 2024 include:
- 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.
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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.
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.
Regulatory support and PPA demand provide a steady framework, even as land and tariff pressures test near-term growth. A core group of domestic and international companies—such as Suzlon, Inox, and Vestas—are driving efforts in manufacturing, servicing, and project delivery. Continued upgrades to grid and infrastructure, plus policy momentum, will be critical in ensuring India reaches its wind energy potential.
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