Finance minister Arun Jaitley confirmed the restoration of the incentive today as part of the debate on the national budget.
AD was one of the key government incentives to drive investment in India’s wind-power growth until it was scrapped in 2012, along with the equally popular generation based incentive (GBI).
AD allowed wind farm owners to depreciate 80% of their investment in the first year of a project’s operation, and its paring back to a standard 15% was seen as a big blow.
GBI
