An overview on development of policies and barriers for wind energy generation
Indian scenario
Keywords:
Wind Energy Generation, Policies, Energy Pricing, Barriers, Indian Energy MarketAbstract
In the past wind energy is harnessed for attaining some valuable work like grains grinding, water pumping, and even boat sailing over a long-time. However, times have been changed from conventional utilization of wind energy to electricity generation in modern days. Wind energy is believed to be one of the purest kinds of renewable energy. India's wind energy resource potential is estimated to be 102 GW at 80m and 302 GW at 100m of hub height. The immense potential of wind energy which has been kept uninvestigated can be accomplished through fair framed policies. The present paper focused on a comprehensive analysis of the Indian government planning to expand its wind energy business by offering financial incentives and development policies. In this paper, Indian wind energy policies have been intensely analyzed and various barriers to achieving the success of these schemes and programs have been discussed. The summary of the present paper is to reiterate the work carried on the wind energy sector in terms of enhanced fiscal incentives, minimized energy pricing, offshore wind farm prospects, and market growth stability by the Indian government (both central and state).
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