India Reflects on Yearly Wind Power Growth

India [RenewableEnergyAccess.com] India’s Minister of State for Non-Conventional Energy Sources, Shri Vilas Muttemwar, announced that the cumulative installed capacity of wind power projects in the country has increased from 3595 MW up to 2004-05 to 5340 MW in 2005-06. Tamil Nadu accounts for more than half of the total installed wind power capacity in the country. He further noted that the Government is encouraging wind power projects in all potential States by providing concessional import duty on certain components of turbines, excise duty exemption, ten years’ tax holiday on income generated from wind power projects, benefit of accelerated depreciation and loan from Indian Renewable Energy Development Agency (IREDA) and other financial institutions. Wind power is being given preferential tariff in potential States. Continuous efforts are under way to identify new wind power potential areas through wind resource assessment studies by Centre for Wind Energy Technology, Chennai.

No posts to display