India needs more than GBI – MAKE

Despite an expected modest upturn in India’s wind market next year – due in part to a revival of the generation-based incentive (GBI) – the country will be hard-pressed to meet its mid-term wind targets, says researcher MAKE. 

The Indian government recently formally signed off a reinstatement of the GBI, which, along with another popular support mechanism known as accelerated depreciation (AD), was shelved in April 2012. 

Critically, in addition to reviving the old GBI support level of 500 rupees ($7.49) per MWh produced by a wind farm, the new GBI will lift the ceiling on the total support a project is eligible for to 10m rupees per installed MW – up from 6.2m rupees/MW under the old version.

The new GBI will cover projects built from 2012-2017, meaning that wind Log in to read complete article.

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