Wind energy costs remained on a long-term downward trajectory entering H1 2026, particularly for onshore projects. IRENA reported that the global weighted average levelised cost of electricity for onshore wind had fallen substantially, reflecting larger turbines, improved capacity factors, technological advances and manufacturing efficiencies. At the same time, global wind deployment remained strong, with approximately 165 GW added during 2025, taking cumulative capacity to about 1,299 GW. China accounted for the largest share of new installations, reinforcing its importance across the global turbine manufacturing and supply chain. Offshore wind continued expanding but faced greater exposure to financing, vessel, component and project-development costs. Overall, wind power economics remained favourable, although cost reductions were increasingly dependent on technology gains and supply-chain efficiency rather than installation growth alone.
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According to Procurement Resource, wind power costs are expected to remain competitive as technological improvements and manufacturing scale support efficiency, although financing costs, grid constraints and supply-chain pressures could limit further reductions.
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Wind energy tariffs and equipment pricing in India continued to reflect a broadly stable trajectory during the second half of 2025, shaped by policy developments, expanding offshore wind ambitions, and sustained momentum in onshore capacity additions. Onshore wind tariffs remained competitive relative to other renewable energy sources, supported by a maturing domestic supply chain and steady turbine procurement activity across key wind-rich states.
Wind turbine and component prices remained largely stable during the period, with modest easing observed across select equipment categories. Blade and nacelle costs edged lower as domestic manufacturing capacity expanded and procurement volumes increased, improving economies of scale for major developers. Tower section prices tracked movements in upstream steel markets, which softened through much of the half-year, offering some relief on civil and structural costs. Offshore-specific equipment, including marine foundations, subsea cables, and specialised port handling infrastructure, remained at a significant cost premium relative to onshore equivalents, reflecting the limited domestic supply base and early-stage nature of India's offshore wind industry. The offshore wind segment drew considerable attention following the government's approval of viability gap funding for projects off the Gujarat and Tamil Nadu coasts. Renewable purchase obligation targets continued to drive procurement demand, though compliance gaps in certain states created pockets of uncertainty.
Wind power or wind energy refers to the utilisation of the wind to generate electricity or mechanical power through wind turbines. These wind turbines help to transform the kinetic energy in wind to mechanical power through rotating propeller-like blades around a rotor.
The mechanical power can either be converted into electricity using a generator or can be directly utilised for specific tasks like grinding, milling and pumping. The amount of energy a turbine can harness from the wind depends on factors like wind speed, swept area, and air density.
Wind Power
Biofuel/Clean Fuel Source, Generation of Electricity, Generation of Mechanical Power
Vestas Wind Systems A/S, ENERCON GmbH, Siemens Gamesa Renewable Energy, S.A, Senvion Deutschland GmbH
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
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A wind turbine or a windmill is basically a machine which can convert the wind's kinetic energy into rotary mechanical energy, which can be directly utilised to do work. In some advanced models, the rotational energy is converted directly into electricity, that is, the most versatile form of energy. It is done with the help of a generator.
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