Wind power News

The government is looking at Rs 3 per unit as the benchmark price for power from all energy sources like thermal, solar and wind in the medium term.

"By 2030 wind power could reach 2,110 GW, and supply up to 20 per cent of global electricity, creating 2.4 million new jobs and reducing CO2 emissions by more than 3.3 billion tonnes per year, and attract annual investment of about €200 billion," GWEC said in a release here.

Wind power could supply up to 20 percent of global electricity by 2030 owing to dramatic cost reductions and efforts to check climate change, said a Global Wind Energy Council (GWEC) report released on Tuesday.

Germany's Siemens and Spain's Gamesa announced plans to create the world's biggest builder of windfarms on Friday, seeking to combine their respective strengths in offshore wind power and developing markets.

Wind power solutions provider Inox Wind is hitting the capital market next week to raise up to Rs 700 crore through an initial public offering (IPO) to fund expansion and meet other requirements.

India ranked fifth amongst top ten wind power producers in the world by adding 1,700 MW capacity in 2013, a report said.

The company is one of the leading investors in wind power, with projects spanning nine countries and a capacity of more than 13 GW in operation or under construction.

Eminent experts from the sector, including company CEOs, former bureaucrats are expected to attend the conference which will be held in Goa from July 31-August 4.