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India sets 15GW target for wind power

Indian government sets target of 15,000MW of installed wind energy during country’s 12th Five Year Plan period

A total of 18551MW of wind energy has been established in India to date, equal to 9 per cent of the country’s total installed power capacity

The Indian Government has set a wind power target of 15GW to be installed in the country. The government’s aim is for the 15,000MW target to be met during the BRIC country’s 12th five Year Plan period, which runs up to 2017, the Ministry of New and Renewable Energy has revealed.

The Ministry has said the Indian government has also been promoting wind power projects through private sector investment by “providing fiscal and promotional incentives.”

This includes 80 per cent accelerated depreciation, concessional import duty on certain components of wind electric generators, excise duty exemption to manufacturers and 10 years tax holiday on income generated from wind power projects.

The Centre for Wind Energy Technology (C-WET), Chennai and the government has also undertaken an extensive wind resource survey programme to identify the potential sites for wind power projects. Technical support, including wind resource assessment in India, is provided by C-WET. A total of 701 wind monitoring stations have so far been established in the country. 

The Ministry has said capital expenditure for setting up 1MW wind power project is approximately Rs.6 crores. A total capacity of 18551MW from wind energy has already been established in the country. This is around 9 per cent of the total installed power capacity in the country.

The Ministry said “loans for installing wind turbines in the country are available from Indian Renewable Energy Development Agency (IREDA) and other Financial Institutions.”

The news from the Ministry follows other developments to boost wind power in India. This includes the country reintroducing the Generation Based Incentive (GBI) scheme earlier this month.