The growth of the wind energy industry in India is enormous and can be aptly used to mitigate the challenges relating to electricity demands, greenhouse gas emission, and depleting non-renewable resources. According to the Global Wind Energy Council, India has the second-largest wind market in Asia after China and fourth amongst the global cumulative installed countries after the US and Germany.
India has the fifth largest solar power industry, globally. As per India Brand Equity Foundation (IBEF), in 2019, India installed around 7.3 GW capacity of solar power plants across the country, establishing its position as the third-largest solar market in the world.
Energy and Power industry is the backbone of the industrial world, supplying essential energy to industrial, manufacturing, commercial, and residential sectors. The growth of the energy and power industry is driven by the expansion of power bases to meet growing demand from electricity-starved regions.