Wind power is the largest segment in the renewable energy market in India. The industry is growing at a rate of 34% per annum since 2004 and is estimated to be worth USD 2.5 bn. Considering the potential capacity in India, there are tremendous opportunities for investing in this eco-friendly energy industry. The report begins with an overview of the industry including size and growth figures. Industry drivers such as government initiatives – central and state level, cost competitiveness, and a global shift towards clean energy are discussed. Challenges include the variable nature of wind as a source of power, land procurement, and infrastructural challenges. The key trends discussed are the shift of manufacturers to the Independent Power Producer (IPP) model, increasing interest in offshore wind energy, and the entry of large energy companies. Competition covers the key manufacturers and players with their capacities as well as the wind power installations in India.

1. Wind Power - India February 2009

5. Drivers & Challenges Global shift to clean energy Cost competitiveness Government initiatives Drivers Lacking infrastructure Unavailability of land for wind farms Variable Output Challenges

6. Key Trends Trends Investors are moving from captive consumption model to independent power producing Large energy companies are entering the market capitalizing on the cost benefits available and the lack of competition Offshore wind energy is becoming more attractive than on shore wind energy

7. Company A is the dominant player among the manufacturers (1/5) SAMPLE Source: Z14 Y14 X14 H 8 Z15 Y15 X15 I 9 Z16 Y16 X16 J 10 Z19 Y19 X19 Z18 Y18 X18 Z17 Y17 X17 K 11 Z13 Y13 X13 Z12 Y12 X12 G 7 Z11 Y11 X11 F 6 Z10 Y10 X10 Z9 Y9 X9 E 5 Z8 Y8 X8 Z7 Y7 X7 D 4 Z6 Y6 X6 Z5 Y5 X5 C 3 Z4 Y4 X4 Z3 Y3 X3 Z2 Y2 X2 B 2 Z1 Y1 X1 A 1 MW Nos. 2 kW Details as on 31st Mar-2008 Rating 1 Manufacturer No.

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