Having watched the Indian wind market shrink by 47% in 2012 after two critical support mechanisms were binned last year, Delhi reinstated the generation-based incentive (GBI) in February to cheers from industry.

That move alone has led some experts, such as the Global Wind Energy Council (GWEC), to predict a return to growth from next year, despite the GBI being seen as carrying more risk for investors than the AD mechanism.

Investors