By Solar Times Bureau
Expenditure of Rs. 6 crores is estimated for setting up 1 MW wind power project
Government has come out with a new target of producing 15,000 MW of wind Energy during 12th plan period. India is successful in producing 18551 MW wind energy, from the already established wind power projects. It’s about 9% of the total installed power capacity in the country. Now govt. is all set for establishing more wind energy projects. The total expenditure for setting up 1 MW wind power project is estimated to be Rs. 6 cores. Till date wind energy has proved to be the fastest growing renewable energy source in the country.
To promote wind power projects through private sector investment, Ministry of New and Renewable Resources is providing, fiscal and promotional incentives such as 80% Accelerated Depreciation, concessional import duty on certain components of wind electric generators, excise duty exemption to manufacturers. Tax benefits are also available such as, 10 years tax holiday on income generated from wind power projects. Loans are also available for installing windmills, from Indian Renewable Energy Development Agency (IREDA) and other financial institutes. Technical support including wind resource assessment is provided by the Centre for Wind Energy Technology (C-WET), Chennai. Apart, from these entire supports preferential tariff is being provided in potential states.
According to an extensive wind resource survey programme undertaken by C-WET, Chennai, to identify the potential sites for wind power projects, total 701 wind monitoring stations have so far been established in the country. The states like Gujarat, Tamil Nadu, Karnataka, Maharashtra and Rajasthan are most preferable locations, due to logistical and geographical advantages. Uttar Pradesh and Jharkhand do not have any wind potential site.
STATE-WISE WIND POWER INSTALLATION