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
have
been
ongoing
for
several
months
and
our
information
is
that
the
Ministry
of…
