INCENTIVES AVAILABLE FOR WIND SECTOR

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  • The Government is promoting wind power projects in entire country through private sector investment by providing various fiscal and financial incentives such as Accelerated Depreciation benefit; concessional custom duty exemption on certain components of wind electric generators. Besides, Generation Based Incentive (GBI) Scheme was available for the wind projects commissioned up to 31st March 2017.
  • In addition to fiscal and other incentives as stated above, following steps also have been taken to promote installation of wind capacity in the country:
    • Technical support including wind resource assessment and identification of potential sites through the National Institute of Wind Energy, Chennai.
    • In order to facilitate inter-state sale of wind power, the inter-state transmission charges and losses have been waived off for wind and solar projects to be commissioned by March, 2022.

Source: MNRE Annual Reports

Categories: FirstGreen Solar AcademySolarwind energy

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