“For widespread adoption, battery storage costs must decrease to Rs 1 per unit… feasible starting in 2030,” says Devansh Jain

The last five or six years have been extremely difficult for the wind business because of the sudden change in regulatory policy from preferential tariffs to reverse auctions.

India intends to quadruple its 3.3 GW wind energy capacity in the current fiscal year after commissioning it in FY24. One of the biggest wind energy firms in the county, Inox Wind Ltd. is a member of the INOXGFL Group and provides end-to-end solutions, including equipment manufacture. Devansh Jain, Executive Director of INOXGFL Group, discussed the industry’s recent setbacks, the feasibility of offshore wind and battery storage, and the possibility for exporting made-in-India wind turbines with Aggam Walia.