India set to revive wind tax-break

The Indian wind market plunged in the absence of the incentives

The Indian wind market plunged in the absence of the incentives

The Indian government is planning to reintroduce a well-loved tax break known as accelerated depreciation (AD) for wind farm owners, in a move that would send a jolt through the world’s fourth-largest wind market.

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 can either choose to avail themselves of the GBI or the AD scheme.

However, the Ministry of New and Renewable Log in to read complete article.

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