Investor-friendly policies by the government will accelerate wind energy development in the country, hence such policies are the need of the hour, wind energy associations in India have said.
Against the backdrop of the recent power outages in the northern and eastern grids in India which affected over 600 million lives, the Indian Wind Turbine Manufacturers Association (IWTMA), the Indian Wind Energy Association (InWEA) and the Indian Wind Power Association (IWPA) made a joint presentation at the Ministry of New and Renewable Energy (MNRE) round table at New Delhi calling for immediate action on key pending policy actions that can accelerate capacity additions to the sector. The associations argued to bring back accelerated depreciation that was discontinued in the current fiscal with some modifications as that would help investments by medium and small scale enterprises.
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