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Government aims to add 10,000 MW per year to lift wind energy sector

Location:
12th August 2014  To: 12th August 2014

Wind energy, which had been overshadowed by solar projects in recent years, got a big boost as the government has restored key tax incentives that had helped India emerge as one of the top countries in the world in generating electricity from wind. The government feels that tax incentives coupled with conducive environment will rapidly accelerate wind energy. 

The government plans to rapidly accelerate wind energy generation, adding an ambitious 10,000 MW every year, or five times the total new capacity that came up in the last fiscal, as the Modi government takes steps to reduce India's dependence on costly energy imports.

At a recent meeting with turbine makers and other stakeholders New and Renewable Energy Minister Piyush Goyal suggested to add 10,000 MW of wind power installations annually," said a government official requesting anonymity. He added ministry and wind turbine makers will jointly study the status of grid availability in six states with maximum wind velocity…
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Url: economictimes.indiatimes.com/industry/energy/power/government-aims-to-add-10000-mw-per-year-to-lift-wind-energy-sector/articleshow/40079023.cms

 

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