No major impact of additional tariff or trade uncertainty: Suzlon V-C

The Indian wind energy industry is unlikely to be significantly impacted by higher US tariffs or trade uncertainty because its products are globally competitive and have a huge demand, Girish Tanti, vice-chairman of Suzlon Energy, tells Sudheer Pal Singh, in an interview in New Delhi. In fact, over $50 billion investment is lined up for projects to be commissioned through 2030 in India, even as the country captures $20 billion worth of global export market, he says. Edited excerpts:

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What are the top three takeaways from the just-released Global Wind Energy Council (GWEC) report?

The report brings out the importance of wind energy in India's energy mix. It covers a detailed assessment of why wind will remain the core of India's energy transition. It states the demand for wind energy will remain robust. While the national target is to achieve 100 gigawatt (Gw) wind energy capacity by 2030, from a demand perspective, we will be able to achieve at least 122 Gw, including 107 Gw from state utilities and additional 15 Gw from the Commercial and Industrial (C&I) market. The Indian manufacturing landscape is ready for delivering on this huge promise. It also covers the issues being faced for deployment of projects, including transmission constraints, on-ground challenges and delays in PPA (power purchase agreement) signings. Another key aspect is that India has the potential to contribute 10 per cent to the global wind energy value chain in the form of exports, amounting to around $20 billion.

Would it be possible for India to achieve this 10 per cent potential, given the recent developments on the trade tariff front?