Accelerated
depreciation
allows
companies
to
offset
their
taxes
on
income
from
other
sources
by
investing
in
wind
projects.
It
has
been
the
main
driver
in
India
until
now.
One
effect
of
accelerated
depreciation
has
been
the
proliferation
of
non-wind
companies
investing
in
smaller
projects.Critics
say
the
scheme
has
led
to
investors
focusing
on
per-megawatt
costs
rather
than
efficiency
and
cost
of
energy.
The
scheme
could
end
in
the
2012-13
fiscal
year
with
planned
changes
to
India’s
tax
code.
Generation-Based
Incentive
(GBI)
was
launched
in
2009
to
encourage
independent
power
producers
and
is…
