Renewable energy is expected to create maximum impact in the production of electricity.
Projections indicate that by the end of the first decade of the new century, it would be cost
effective to generate and supply renewable electricity, aggregating to several thousand
megawatts, as its efficiencies and costs are decreasing, while the costs of conventional
electricity are increasing. No other renewable energy based electricity producing technology has
attained the same level of maturity as wind energy.
As per projections made by Ministry of
Non-Conventional Energy Sources, 10% of the 2,40,000MW (i.e. 24,000MW) installed capacity
requirement by the year 2012 will come from renewable energy with 50% of this capacity
expected to come from wind power. Also there is an increased awareness of benefits of wind
energy and its savings.