India Wind Energy Market Highlights – March 2025

The wind energy sector in India showed a lot of activity in March 2025, and several basic investments, partnerships, and projects were signed and initiated. This aligns well with the country’s renewable energy plan, with wind power holding the key to the shift in energy production towards the green energy model. The following is the information on the Indian wind energy market for March 2025.

RE Capacity installed as of March 2025 (GW)

Source: Ministry of New and Renewable Energy, PIB.gov, March 2025.

Key Investments and Partnerships

1. NLC India Wins 200 MW Wind Project

On March 5, 2025, NLC India secured a 200 MW wind power project from SJVN at a power tariff of Rs. 3.74 per kWh. This has been a major event for the future capacity addition in the wind power potential of India.  The project will produce 526 million electrical units per annum, which would greatly help India’s achievement of its 500 GW renewable energy goals by 2030. This expansion adds to the wind power capacity of NLC India to over 300 MW.

• Project Capacity: 200 MW
• Project Cost: ₹3.74 per kWh

It is one of the giant projects of providing renewable energy assets in India to fulfill the energy demand by using sustainable sources.

2. Cairn Oil & Gas Partners with 2H for Offshore Wind Project

On March 20, 2025, Cairn Oil & Gas, operating under the Vedanta Group and the largest Independent Oil and Gas exploration and production company in India, entered into an important offshore development project on the west coast of India through a Memorandum of Understanding and more Service Agreement with 2H Offshore. The project, targeting an estimated ultimate recovery (EUR) of approximately 20 million barrels of oil equivalent (MMBOE), represents the largest development under the offshore Discovered Small Fields (DSF) blocks.

• Partnership: Cairn Oil & Gas and 2H
• Location: West Coast of India

This partnership may be promising in realizing India’s potential in offshore wind power through the country’s long shoreline.

3. NTPC REL Invites Bids for 672 MW Wind Project

On March 28, 2025, NTPC Renewable Energy Ltd. (NTPC REL) invited bids for a 672 MW wind project with 224 wind turbine generators (WTGs) in Maharashtra, to meet emerging demand of renewable energy in Maharashtra.

• Capacity: 672 MW
• Location: Maharashtra
• Bid Deadline: May 7, 2025

It is anticipated that this project will provide a considerable uptake on India’s renewable energy production and the government’s goal of achieving 500 GW from renewable energy sources by the year 2030.

4. Siemens Gamesa Transfers Majority Stake in Indian Wind Business

On March 26, 2025, Siemens Gamesa and a group of investors led by TPG intend to jointly address the Indian onshore wind market potential through a new company, in which TPG will be the majority shareholder.

• Siemens Gamesa will divest 90% of its wind business in India and Sri Lanka, retaining a 10% stake in the transferred business. The agreement includes the manufacturing, installation, and service of onshore wind turbines in India and Sri Lanka.
• As part of the business transfer agreement, Siemens Gamesa plans to transfer 1.000 employees and two manufacturing plants in India into the new company.
• Siemens Gamesa will continue to support the business's growth through a long-term technology licensing agreement. The financial details will not be disclosed, and the transaction is subject to customary closing and regulatory approvals from the respective authorities.

This transition ensures that India’s wind energy market continues to receive the attention it deserves while Siemens Gamesa focuses on its broader strategic goals.

Plant Inaugurations and Project Developments

5. NLC’s New Wind Farm Expansion

NLC India Limited is a Navratna company in the Ministry of Coal, signed a 200 MW Wind power project with SJVN Limited on March 3, 2025. The Letter of Award was received on 28th February 2025 at a discovered tariff of ₹3.74 per kWh. The company emerged successful in the e-reverse auction conducted by SJVN on 17th January 2025. The project is expected to generate 526 million units of green power annually, helping to offset greenhouse gas emissions.

• This development further strengthens NLC India’s presence in wind power generation as its total power capacity in wind energy stands now at 301 MW.
• According to the National Green Energy Policy, the government has planned to achieve a target of 500 GW out of the total installed capacity of non-fossil fuel by 2030.

This expansion proves the company’s focus on renewable energy and increases the wind energy industry capacity in India.

India’s Wind Energy Growth Trajectory

The wind energy system is also poised for phenomenal growth in the Indian scenario, which is witnessed in the elaborated and expanded investments, evolving partnerships, and government policies in March 2025. At the forefront of the wind energy industry in the country are NLC India, Siemens Gamesa, and NTPC; therefore, the sector is on track to become a global producer. In the process of achieving the set target of 500GW of renewable energy by the year 2030 the wind energy will continue to play a crucial role in the decarbonization of the economy and energy security of the country. Maharashtra and the western coast of India are constantly venturing into new and unique projects and making the future even brighter for India as a global wind energy investor.