WIND ENERGY INDIA: Incentives

The Wind Ahead..

Indian wind energy installed capacity likely to cross 30,000MW by 2030 , enough to produce 350TWh electricity ( 15% of energy need).This will mean an annual investment of Rs.300billion and creation of 1,50,000 jobs alongwith 320mT/year CO2 saving.

GWEC production is 100 GW.

ABB has set up WTG plant with Rs.200 Crore.

300MW wind energy gets GBI ( $0.01 /uniot for 4 to 10 years) with cap of $1,40,000 /year. MNRE has investment $81 million for this.

Accelerated depreciation of capital investemnt againts tax will continue till 2012.

Either GBI can be claimed or above, but not both.

India needs GBI of INR 1 ( $0.02) / unit .

MNRE expects 600 MW registration for GBI by March 2011.

Top 5:- US(40,000 MW), China(30,000MW),Ger(28,000MW),Spain(20,000MW) and India(12,000MW)

Statewise Breakup TN(41%),MH(18%),KN(14%),GJ(13.5%),RJ(7.4%),AP(4.2%)

Some abbreviations:- REC ( Renewable Energy Certificate). RPO ( Renewable Purchase Obligation).

WIND ENERGY INDIA

Sunday, March 1, 2015

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