Daily News Wrap-Up: India’s Wind Installations Grew by 168% YoY in Q1 2023

RPO revised for Delhi until the financial year 2025-26

April 13, 2023

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Wind capacity installations in India rose 168% year-over-year to 737.9 MW in the first quarter of the calendar year 2023. Installations grew 222% quarter-over-quarter from 229.2 MW in Q4 2022. The surge in installations is primarily due to the introduction of the Renewable Purchase Obligation and Energy Storage Obligation trajectory until 2029-2030 by the government, which specified that wind RPO will be met only by energy produced from wind power projects commissioned after March 31, 2022. The country’s total wind installations by the end of Q1 2023 stood at 42.6 GW, up 6% YoY.

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