Market Overview
| Study Period | 2020 - 2030 |
|---|---|
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Volume (2025) | 53.25 gigawatt |
| Market Volume (2030) | 108.5 gigawatt |
| Growth Rate (2025 - 2030) | 14.76% CAGR |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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India Wind Energy Market Analysis by Mordor Intelligence
The India Wind Energy Market size in terms of installed base is expected to grow from 53.25 gigawatt in 2025 to 108.5 gigawatt by 2030, at a CAGR of 14.76% during the forecast period (2025-2030).
Strong hybrid‐project activity, new offshore incentives, and corporate decarbonization mandates are propelling this growth trajectory. The Ministry of New and Renewable Energy’s decision to move back to closed competitive bidding, paired with a pledge to release 8 GW of tenders every year until 2030, is rebuilding OEM confidence and driving long-term supply contracts. Developers are upscaling turbines to 3–6 MW ratings, improving capacity factors and lowering levelized costs on both greenfield and repowering sites. State-level grid-fee waivers, especially on the interstate network, are lifting project returns in resource-rich western corridors. Meanwhile, Cabinet-approved viability-gap funding for the first 1 GW of offshore capacity is catalyzing supply-chain investment and unlocking a new coastal resource pool.
Key Report Takeaways
- By location, onshore wind held 100% market share of the India wind energy market in 2024; offshore is forecast to grow at a 14.8% CAGR through 2030.
- By turbine capacity, the 3–6 MW class will capture 21.7% annual growth and is expected to account for 62.0% of the India wind energy market share by 2030.
- By application, utility-scale projects commanded 88.1% of the India wind energy market size in 2024 and are advancing at a 17.2% CAGR through 2030.
- Suzlon Energy, Inox Wind, Siemens Gamesa, Vestas, and GE Vernova collectively controlled roughly 60% of 202the 4 installed capacity.
India Wind Energy Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Hybrid renewable auctions bundling wind and solar | +2.5% | Tamil Nadu, Gujarat, Rajasthan, Karnataka | Medium term (2-4 years) |
| Viability-gap funding for 4 GW initial offshore round | +1.8% | Gujarat, Tamil Nadu | Long term (≥4 years) |
| Repowering scheme for aging 5–15 GW fleet | +2.2% | Tamil Nadu, Gujarat, Maharashtra, Karnataka, Madhya Pradesh | Medium term (2-4 years) |
| Green-hydrogen policy raising high-load-factor demand | +1.5% | Gujarat, Rajasthan, Odisha, Tamil Nadu | Long term (≥4 years) |
| ISTS charge waivers improving project IRRs | +1.3% | Gujarat, Rajasthan, Maharashtra, Karnataka | Short term (≤2 years) |
| Corporate PPAs from data-center operators | +1.0% | Nationwide | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Hybrid Renewable Auctions Bundling Wind with Solar Enhancing Capacity Utilization in Tamil Nadu and Gujarat
Hybrid wind-solar tenders reached 73 GW in 2024, with half of the awarded capacity carrying storage or hybrid clauses, pushing utilization factors above 30% and drawing long-term offtake from state utilities and industry buyers. Tamil Nadu and Gujarat benefit most because complementary wind-solar profiles allow near RTC delivery without extensive batteries. NTPC’s 1.2 GW ISTS hybrid tender and SECI’s parallel 1.2 GW RTC tender exemplify policy preference for bundled power. ACME Renewtech secured USD 232.3 million in debt in December 2024 for a 300 MW hybrid, relying on ISTS fee waivers to improve returns. The Electricity (Amendment) pooling rule broadens state participation, letting developers aggregate sub-bids at uniform tariffs.[1]Centre for Science and Environment, “India Wind Tender Tracker,” cseindia.org
Viability-Gap Funding for Initial 4 GW Offshore Wind Round in Gujarat Catalyst for Supply-Chain Investments
In June 2024, the Cabinet approved INR 7,453 crore (USD 880 million) to derisk the first 1 GW offshore tranche, sparking orders for subsea cables, installation vessels, and 12 MW-plus turbines. SECI issued a 500 MW Gujarat tender with a fixed tariff of INR 4.5 per unit, later canceled in August 2025 amid transmission bottlenecks. Parallel Tamil Nadu bids for 4 GW under open access seek high-tariff industrial buyers.[2]Press Information Bureau, “Tamil Nadu Offshore Invitation,” pib.gov.in Powergrid’s INR 6,900 crore transmission plan, 190 km of 400 kV lines plus 35 km subsea cable, targets completion by March 2029. The NTPC–ONGC JV aims to anchor early projects, leveraging its Ayana portfolio acquisition for scale.
Repowering Scheme Opening 5–15 GW of Aging Wind Farms for High-Capacity Turbines
Roughly 10–15 GW of pre-2010 turbines under 1 MW run at sub-20% capacity factors, presenting ripe sites for 3–6 MW replacements that can triple output on existing footprints. Tamil Nadu and Madhya Pradesh have issued repowering policies; a national framework is forthcoming. Suzlon’s 400 MW, 3.15 MW machine order for Jindal Renewables illustrates the economics, cutting steel plant emissions while boosting yield. Tata Power’s 3 GW multiyear turbine tender underscores utility appetite for fleet upgrades. Repowering reduces development time by up to 18 months because land leases and grid links already exist.
Green Hydrogen Policy Driving Demand for High-Load-Factor Wind Power in Industrial Clusters
The National Green Hydrogen Mission targets 5 million t annual output and circa 125 GW of dedicated renewables, positioning steady nighttime wind as critical electrolyzer feedstock. Jindal Renewables’ 702.4 MW deal with Suzlon aligns with a 12 GW renewable roadmap that includes hydrogen.[3]Energetica India, “Suzlon Order Book Update,” energetica-india.net The ONGC–NTPC JV lists green hydrogen, ammonia, and methanol as focus areas, leveraging its newly acquired 4.1 GW platform. High load-factor sites in Gujarat and Rajasthan trim hydrogen levelized costs. Draft tender rules will let developers bundle wind and hydrogen under a single PPA.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Land allotment freeze slowing onshore pipeline | -1.5% | Karnataka, Maharashtra | Short term (≤2 years) |
| Grid evacuation delays for Gulf of Khambhat offshore | -1.2% | Gujarat offshore zones | Medium term (2-4 years) |
| Higher GST on turbine components | -0.8% | National | Short term (≤2 years) |
| Banking cap below 30% increasing curtailment risk | -0.6% | Tamil Nadu, Karnataka, Andhra Pradesh, Rajasthan | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Land Allotment Freeze in Karnataka and Maharashtra Slowing Onshore Pipeline
Administrative delays in forest clearance and private-land aggregation have stretched development timelines by up to two years, diverting capital to Gujarat and Rajasthan.[4]Times of India, “Powergrid Offshore Corridor,” timesofindia.indiatimes.com JSW Energy’s INR 132 crore purchase of a 45 MW asset from Reliance Power illustrates a pivot to secondary acquisitions to bypass greenfield hurdles. Industry petitions for single-window approvals remain stalled, hampering the growth of the Indian wind energy market.
Delayed Grid Evacuation Corridors for Offshore Wind at Gulf of Khambhat
Powergrid’s subsea-cable project will not finish before March 2029, two years later than the first tender schedules, raising financing risk and prompting SECI to cancel its 500 MW offshore call in August 2025. Limited domestic capability for HVAC subsea cables compounds the delay.
Segment Analysis
By Location: Onshore Dominance with Offshore Emergence
Onshore capacity of 48.16 GW in 2024 anchors the India wind energy market and is forecast to expand at a 14.8% CAGR under MNRE’s 8 GW annual tender plan and the repowering of 5-15 GW legacy farms. Gujarat, Rajasthan, and Tamil Nadu capture most awards, SECI Tranche-XVI alone placed 700 MW in Gujarat and 100 MW in Karnataka at sub-INR 3.7 tariffs. Offshore remains nascent yet Cabinet-backed viability support and open-access Tamil Nadu bids signal a step change; sites deliver 40–45% capacity factors, dwarfing onshore’s 25–30%. NTPC–ONGC’s JV plans to anchor upcoming tenders, while Powergrid’s INR 6,900 crore corridor is essential for evacuating the first 500 MW. These milestones position offshore to complement coastal load centers post-2027, while onshore remains the backbone of the India wind energy market.
Note: Segment shares of all individual segments available upon report purchase
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By Turbine Capacity: 3–6 MW Class Leads the Upgrade Cycle
Machines up to 3 MW held 58.9% of 2024 installations, but their share will fall as repowering and hybrid projects demand higher ratings. The 3–6 MW class is projected to grow 21.7% annually, supported by OEM localization and utility procurements such as Tata Power’s 3 GW multiyear order. Suzlon’s 127-machine, 3.15 MW order for Jindal Renewables underscores the economics, tripling yield on identical land. Above-6 MW turbines remain an offshore niche yet will scale with marine sites. Competitive OEM offerings and repowering economics cement 3–6 MW as the mainstream for the India wind energy market.
By Application: Utility-Scale Dominance with C&I Momentum
Utility-scale plants represented 88.1% of the India wind energy market size in 2024, rising in tandem with SECI and state auctions that bundle ISTS fee waivers. Yet commercial and industrial captive projects are the fastest-growing niche, buoyed by long-tenor PPAs from data centers and emission-conscious heavy industry; Suzlon’s order book shows 56% C&I mix. Community projects remain marginal without dedicated policy incentives. Developers seeking credit-worthy offtakers increasingly favor C&I structures, diversifying revenue and lowering DISCOM exposure inside the India wind energy market.
Note: Segment shares of all individual segments available upon report purchase
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Geography Analysis
Regional deployment remains concentrated, with Gujarat, Karnataka, and Tamil Nadu accounting for 98% of 2024 additions. Gujarat's 1,250 MW lead is attributed to resource quality, investor-friendly tariffs, and hybrid-auction success. The state also anchors offshore potential with 36 GW identified, making it pivotal to the future of India's wind energy market size at the national level.
Karnataka contributed 1,135 MW but faces land tenure hurdles that could taper growth until revised acquisition norms take effect. Tamil Nadu added 980 MW and enacted a repowering scheme covering its 10,790 MW legacy fleet, positioning the state for a second-wave build cycle. Rajasthan, with 5,195.82 MW installed, is the fastest-growing emerging state, boasting an 18.6% CAGR outlook backed by green-corridor build-out.
Maharashtra and Andhra Pradesh occupy mixed trajectories. Maharashtra balances solar targets with wind land constraints, while Andhra Pradesh's 30% banking regulation improves developer cash flows. Seven states, Odisha, Maharashtra, Tamil Nadu, Uttar Pradesh, Rajasthan, Gujarat, and Andhra Pradesh, collectively hold 92% of green-hydrogen potential, ensuring that geographically dispersed industrial demand supports expansion of the India wind energy market through 2030(4).
Competitive Landscape
The India wind energy market shows moderate concentration: Envision, Suzlon, and Inox Wind control the major share in the market. Siemens Gamesa’s divestment and the 64% domestic-content requirement reduce import competition, enhancing margins for local firms. Suzlon’s 365% profit jump and a 5.6 GW order book underscore the earnings leverage from scale and vertical integration.
Inox Wind’s record profits and 21% order-book growth illustrate strong demand for turnkey solutions that include development, EPC, and O&M. White-space remains in offshore manufacturing, where monopile, cable-laying, and jacket-fabrication capabilities are nascent. Domestic players are investing in LiDAR-based resource assessment and digital SCADA upgrades to raise turbine availability, ensuring technological parity with global standards.
Corporate PPA uptake by hyperscale-cloud and data-centre operators is shifting negotiation power toward developers with large build pipelines. Reduced international participation means domestic OEMs enjoy higher visibility on tenders and can lock in long-term framework agreements, reinforcing the competitive posture of the India wind energy market.
India Wind Energy Industry Leaders
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Suzlon Energy Limited
-
Vestas Wind Systems A/S
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Siemens Gamesa Renewable Energy
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Inox Wind Limited
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GE Renewable Energy
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- May 2025: KK Wind Solutions inaugurated a 24,000 m² converter and control-system plant in Bengaluru, employing 250 staff and planning to expand to 400.
- May 2025: Suzlon Energy posted a 377% surge in Q4 FY25 net profit to ₹11.81 billion and confirmed a 4,500 MW domestic manufacturing base.
- April 2025: MNRE released draft revised guidelines granting three-year prototype-certificate validity for new turbine designs.
- March 2025: ONGC-NTPC Green acquired Ayana Renewable Power for ₹195 billion, adding 4.1 GW of assets to its portfolio.
Research Methodology Framework and Report Scope
Market Definitions and Key Coverage
Our study defines the India wind energy market as all new grid-connected onshore and offshore wind projects commissioned within the country, measured in installed megawatts and the associated capital outlay. We also regard repowering of turbines above 250 kW, when it adds fresh nameplate capacity, as part of the addressable pool.
Scope exclusion: micro and pico turbines below 10 kW and any overseas capacity owned by Indian developers are kept outside this assessment.
Segmentation Overview
- By Location
- Onshore
- Offshore
- By Turbine Capacity
- Up to 3 MW
- 3 to 6 MW
- Above 6 MW
- By Application
- Utility-scale
- Commercial and Industrial
- Community Projects
- By Component (Qualitative Analysis)
- Nacelle/Turbine
- Blade
- Tower
- Generator and Gearbox
- Balance-of-System
Detailed Research Methodology and Data Validation
Primary Research
Mordor analysts interviewed turbine manufacturers, EPC contractors, state transmission planners, and large corporate off-takers across Gujarat, Tamil Nadu, Rajasthan, and Karnataka. The conversations clarified real project lead times, typical capacity-utilization factors, land-lease costs, and emerging offshore tariff expectations, letting us refine assumptions that pure desk work leaves open.
Desk Research
We started with public datasets that anchor capacity and investment trends, such as MNRE monthly renewable dashboards, CEA Generation Mix books, IRENA Renewable Statistics, and state nodal-agency tender logs. Trade-body briefs from GWEC, National Institute of Wind Energy studies, and peer-reviewed papers on turbine class performance supplied resource factors and repowering ratios. Company filings, stock-exchange releases, and news archives inside Dow Jones Factiva allowed us to benchmark project costs and corporate pipelines. To cross-verify flows of imported towers, nacelles, and blades, our team accessed Directorate General of Commercial Intelligence and Statistics shipment codes through Volza and drew on D&B Hoovers for balance-sheet clues of tier-1 OEMs. These sources illustrate the breadth, not the totality, of references consulted; many more publications informed our fact-base.
Market-Sizing & Forecasting
Our capacity model begins with MNRE state-level installation data and augments it through a top-down production and trade reconstruction for imported major components, which is then checked with selective bottom-up supplier roll-ups. Key variables like annual auction awards, average turbine rating, capacity-utilization factors, tariff ceilings, grid-evacuation milestones, and repowering take-up drive yearly additions. Forecasts lean on multivariate regression that links those drivers to commissioning patterns and are stress-tested against expert consensus gathered above. Gap pockets, like incomplete data from open-access projects, are bridged using sampled ASP × volume evidence from corporate disclosures.
Data Validation & Update Cycle
Outputs pass a two-step review where senior analysts probe anomalies and variance against historical curves; material deviations trigger call-backs to industry respondents. Reports refresh every twelve months, and an interim sweep is issued if policy, currency, or tender shocks shift the baseline.
Why Mordor's India Wind Energy Baseline Inspires Investor Confidence
Published figures often differ because firms pick varying scopes, currency bases, and refresh cadences. By anchoring on MNRE-verified installations and layering only observable investment signals, we keep our starting line realistic.
Benchmark comparison
| Market Size | Anonymized source | Primary gap driver |
|---|---|---|
| 58 GW installed capacity (2025) | Mordor Intelligence | - |
| 49.8 GW (2024) | Global Consultancy A | counts legacy micro units and stops at FY-24, limiting forward view |
| 122 GW (2030) | Industry Association B | projects technical potential under optimistic policy uptake, omits grid bottleneck risk |
Differences show that when scope or scenario shifts, numbers swing widely. Mordor's disciplined variable selection and annual reality checks give decision-makers a balanced, transparent baseline they can retrace with ease.
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Key Questions Answered in the Report
How large is the India wind energy market in 2025?
Installed capacity is projected to surpass 53 GW in 2025, keeping the India wind energy market on track toward 108.50 GW by 2030.
Which turbine capacity segment is growing fastest?
The 3–6 MW class is expanding at around 21.7% annually as developers repower old sites and deploy hybrids for better capacity factors.
When will offshore wind begin commercial operations?
First grid-scale offshore power is expected after 2027 once Powergrid completes the Gulf of Khambhat transmission corridor.
Why are corporate PPAs important for wind developers?
Long-tenor PPAs with data centers and heavy industry provide secure cash flows and reduce exposure to state utility payment delays.
What policy supports exist for new onshore projects?
Closed competitive bidding, ISTS charge waivers through June 2025, and an 8 GW annual tender pipeline underpin near-term demand.
How big is the repowering opportunity?
Between 5 GW and 15 GW of sub-1 MW legacy turbines can be replaced with 3–6 MW machines, tripling energy yield on the same land.
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