INCENTIVES AVAILABLE FOR WIND SECTOR
- 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