The Ministry of New and Renewable Energy is the nodal ministry for development of all renewable forms of energy including wind energy. The
central government has put in place a set of fiscal and promotional
incentives that are summarized below:
Ø
Generation-Based incentives of Rs. 0.50/kWh
Ø
Concessional import duty on specified
wind turbine parts.
Ø
80% accelerated depreciation in the
first year
Ø
Excise duty reliefs
Ø
Loans through IREDA
Ø
Income Tax holiday applicable to wind
power as in the case of power projects
