Until the union budget session of 2023, the wind energy sector has been a low-key business venture. With several policies for planned growth and expansion over the years, this sector has become a focal point for investors.
The union budget allocations for the renewable energy sector have brought wind power resources under the limelight.
Over the years, policies and schemes have encouraged various companies to invest in this sector. Companies like large corporate houses to middle and small companies have converged to be a part of the wind power generation business.
Policies For Growth
To generate success in any sector, the support of policy-making and schemes for aiding growth is vital. It has been available in recent years where budget allocations and policies have encouraged private investments in this sector.
Companies have felt assured of the safety of their investments through schemes brought in by the government.
The Global Wind Energy Council’s 2022 Global Wind Report stated that the Indian wind market will grow to 4.1 GW of onshore installations by 2023.
Government policies and schemes have encouraged many renewable energy companies to invest in this sector.
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