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Indian Wind Turbine Giant Says Nation Set to Meet 2030 Target

Bloomberg
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India’s largest wind turbine manufacturer projects the country will achieve its 100-gigawatt wind capacity target by 2030, citing accelerated installations to meet rising demand for continuous power supply. State utilities, the primary energy buyers, are expected to drive 107 gigawatts of wind demand over the next five years, according to Suzlon Energy’s Executive Vice Chairman Girish Tanti. Industrial demand could offset any shortfall in government purchases, ensuring steady growth even if state utilities underperform in procurement commitments. The surge reflects India’s push for renewable energy reliability, with wind power increasingly positioned as a key solution for 24/7 electricity needs. Suzlon’s assessment signals confidence in policy execution and market dynamics, reinforcing India’s trajectory toward its clean energy goals.
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Indian Wind Turbine Giant Says Nation Set to Meet 2030 Target

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Wind Power:A Suzlon Energy wind turbineSuzlon Energy Ltd., India’s largest wind turbine maker, said the nation is on course to hit its goal of 100 gigawatts of wind capacity by the end of the decade, as installations accelerate to meet growing demand for round-the-clock supply.Wind power demand from state utilities, the biggest retailers in the country, is estimated to reach 107 gigawatts over the next five years, lending momentum to the sector, Executive Vice Chairman Girish Tanti said in a phone interview on Monday. Should there be a shortfall in purchases from government buyers, there’s enough demand from industrial clients to fill the gap, he said.

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