A generation-based incentive scheme had provided India’s wind investors with a financial subsidy per unit of electricity generated, helping to make the country the world’s third largest wind market last year.
However the scheme was not renewed in 2012, contributing to an expected 30-40% reduction in new wind capacity installations.
The government may also bring back a favourable tax policy that allowed companies to write off 80% of a project’s value in the first year as depreciation, slashing taxes.
“Discussions
