changeadminAs the calls for a non-fossil fuel-based economy grow, renewable energy is seeing a global surge in demand, prompting countries to invest in sectors like solar and wind.
While solar leverages the power of the sun through solar panels, wind energy is a process of conversion of wind power into usable electricity by utilizing wind turbines.
In recent times, wind energy generation has seen a considerable push. A report from the Global Wind Energy Council highlights increasing momentum in the growth of wind energy worldwide. The global wind industry installed a record 117 GW of new capacity in 2023, making it the best year ever for new wind energy. This represents a 50% year-on-year increase from 2022.
India is also on a stupendous renewable energy transition. In FY 2023-24, the wind energy installation grew by 3.25 GW, bringing the total installed wind capacity to more than 45 MW which is more than double ten years ago.
Here are the wind energy companies in India that are instrumental in this growth path.
Domestic Players
Suzlon Energy Limited
Suzlon Energy is one of India’s oldest renewable energy solutions providers, primarily in the wind energy sector. The company has about 30 years of experience in the Indian market.
The Pune-based company has more than 20 GW of installed capacity of which 70 percent is installed in India while the rest is made in more than a dozen countries. Suzlon has developed India’s largest and the world’s third-largest wind farm with a capacity of 1.6 GW in Jaisalmer in the state of Rajasthan.
In recent times, the company has also ventured into solar power with plans to get into wind-solar hybrid solutions.
Suzlon Energy stock has been trading since October 2005, making it one of the oldest Indian companies that are solving climate change to be listed on the stock exchange.
- Founded in 1995
- Headquarters: Pune, Maharashtra
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Inox Wind
Inox Wind is a manufacturer of wind turbine generators and provides turnkey solutions, and operation and maintenance services for wind power projects. The company’s manufacturing units are located in Gujarat, Himachal Pradesh, and Madhya Pradesh.
The company was listed on the stock exchange in June 2021.
- Started in India: 2007
- Headquarters: Noida, Uttar Pradesh
Orient Green Power
Orient Green Power is the developer of renewable energy power plants in India. The Chennai-based company is a joint venture between Shriram EPC and Bessemer Venture Partner.
The Chennai-based company has been listed on the Indian stock exchange since October 2010.
- Started in India: 2006
- Headquarters: Chennai, Tamil Nadu
Regen Powertech
ReGen Powertech is a manufacturer of wind turbine components and provides full turnkey installations for wind power projects. The manufacturing facilities of ReGen are located in Tada (Andhra Pradesh) and Udaipur (Rajasthan).
- Started in India: 2006
- Headquarters: Chennai, Tamil Nadu
Indo Wind
Indowind Energy is into developing and servicing wind farms.
The company has been trading on the Indian stock exchanges since September 2007.
- Started in India: 1996
- Headquarters: Chennai, Tamil Nadu
International Players
Vestas
The Denmark-headquartered Vestas began Indian operations back in 1997. The company has installed around 3GW of Wind power capacity in India and 136 GW in more than 70 countries.
- Started in India: 1997
- Headquarters in India: Chennai, Tamil Nadu
Wrapping Up
Apart from the dedicated wind energy companies in India, there are players in the market that have wind energy in their portfolio, including Adani Green Energy, TATA Power, and NHPC.
India has many regions like deserts and mountains that offer good prospects for harnessing onshore wind energy. Then there are many large water bodies including a long coastline of about 7600 km, which provides offshore wind energy options.
So it is imperative that the production of wind energy grows and these wind energy companies in India play a crucial role in reshaping the country’s energy landscape.
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