Indian subsidies withdrawal sees wind generation fall

Wind power generation in India dropped 1,500MW in the last fiscal year due to the withdrawal of incentives from the Government. Reports claim the Indian Wind Power Association (IWPA) has […]

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By Priyanka Shrestha

Wind power generation in India dropped 1,500MW in the last fiscal year due to the withdrawal of incentives from the Government.

Reports claim the Indian Wind Power Association (IWPA) has called for the Government to restore the subsidies for the industry following the decrease during 2012-13.

Various reports also claim the incentives were scrapped as many developers took the subsidies to save tax and after the completion of building the wind farms, they either neglected or abandoned them.

Wind energy is believed to be the cheapest source of electricity in India and the nation currently has a total of 19,000MW of installed wind capacity. The Indian Government has set a target to install 15GW of wind power by the end of 2017.