India will add 7.5-8 GW of wind energy capacity in the current fiscal year, said Rajesh Kulhari, joint secretary in the Ministry of New & Renewable Energy, on September 22.

Speaking at the EU-India Wind Energy Business Summit 2026 at WindEnergy Hamburg, Kulhari said India had added over 6 GW of wind capacity in FY26. He said the sector was gaining momentum with limited fiscal support from the government.

Wind projects require investment of around Rs 7 crore ($0.73 million) per MW, which means annual additions of 7 GW would entail investments of roughly Rs 50 crore per year.

India currently has about 24 GW of wind manufacturing capacity, far higher than the domestic annual deployment requirement. Kulhari said this created room for manufacturers to increase exports.

He said exports had reached about Rs 12,000 crore last year, adding that Indian companies were mainly exporting wind components and that the domestic ecosystem has the capacity to underpin further growth in exports.

Kulhari also highlighted opportunities for greater cooperation between Indian and European wind energy companies, particularly in offshore wind. India can leverage Europe's experience and technology in offshore wind, while Indian companies offer advantages in scaling up projects, deployment speed and availability of skilled manpower.

He said that since Europe was a pioneer in the technology, India could learn from it, especially for offshore wind technology. India is getting ready to build its first offshore wind projects and is seeking to benefit from the experience of European companies in developing the sector, Kulhari added.

India's long coastline and favorable wind conditions could also make offshore wind commercially viable, he noted. The country has over 7,000 km of coastline, while wind speeds recorded offshore Tamil Nadu exceed 10 meters per second.

Such wind speeds could lead to a capacity utilization factor of about 55%, helping lower the levelized cost of electricity to a level consumers would find acceptable.

He said wind velocity was concentrated in certain pockets, whether offshore or onshore. The government is therefore seeking to speed up deployment while growing the domestic manufacturing and export ecosystem, as it aims to reach 100 GW of wind capacity by 2030.