The Indian Government has initiated a new plan through which the country is planning to install 15000 MW of wind power during the 12th Plan period.
Also the government has also announced that the country's Wind installed Capacity has reached 18,551 MW, which is about 9% of the Total installed Power Capacity and the average capital expenditure for setting up one MW
wind power project is approximately Rs.6 crores.
The Government has been promoting wind power projects through private
sector investment by providing fiscal and promotional incentives such as 80%
Accelerated Depreciation, concessional import duty on
certain components of wind electric generators, excise duty exemption to
manufacturers. 10 years tax holiday on income generated from wind power
projects is also available.
Loans for installing windmills are available from
Indian Renewable Energy Development Agency (IREDA) and other Financial
Institutions. Technical support including wind resource assessment is provided
by the Centre for Wind Energy Technology (C-WET), Chennai. This apart,
preferential tariff is being provided in potential states. A Generation Based
Incentives (GBI) was available from December 2009 to 31st March
2012, under which Rs. 0.50/unit generated from wind
power projects was provided to the projects which did not avail Accelerated
Depreciation (AD) benefit.
The Centre for Wind Energy Technology (C-WET), Chennai, the Government
has undertaken an extensive wind resource survey programme to identify the
potential sites for wind power projects.
A total 701 wind monitoring stations have so far been established in the
country. The data collected is available
with C-WET, which is used by various stake holders in wind sector.
