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Subsidy for wind power gen

Subsidy for wind power gen

India plans to continue offering a subsidy to wind farm developers which rewards them based on the amount of power they generate and the incentive will con­tinue beyond March 2012. Wi­nd farms built by 31 March 2012, are eligible for the subsidy of Rs 500 per megawatt-hour of electricity they feed into the grid. The finance and renewable energy ministries both want to disc­ontinue the accelerated depre­ciation ben­efit when the new tax code is intro­duced. Gene­ration-based incentive is better because generator is paid for the power supplied while dep­rec­iation does not really do that.

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