India and other developing and underdeveloped countries have huge potential in wind energy. Still, most of the wind energy is not harnessed in those countries. What can be the possible reasons/reason?
Installation of windmill is very expensive
The capital cost for the wind energy power plant is slightly higher than fossil fuel power plants. For a wind farm, the capital cost ranges between 4.5 crores to 6.85 crores per MW, depending upon the type of turbine, technology, size and location. The developing countries lack adequate capital for making such installations.