Web Exclusive | August 2013
MPs of coastal states urge govt reintroduce wind sops
Members of Parliament from the coastal states have decided to demand the Union government to take measures immediately for the development of wind energy in India. The multi-party parliamentarians' meet was organised recently by Climate Parliament on the ‘Wind Power Industry in India: Enabling Future Growth.’ The meeting impressed upon the government for the immediate implementation of Generation Based Incentive (GBI) and reintroduction of AD (Accelerated Depreciation).
The meeting's key recommendations and suggestions’ include re-assessment and validation of wind potential at the national level, adequate planning for transmission infrastructure including inter-state transmission, specific policy on repowering wind sites, long-term policy vision and implementation mission, alignment of national renewable energy deployment targets as per National Action Plan on Climate Change (NAPCC) recommendations, enforcement of Renewable Purchase Obligation (RPO) targets and finalisation of a strong off-shore wind energy policy.
The wind energy sector has been undergoing some critical issues after key financial incentives were withdrawn from the sector. The investments in the year 2012-13 were almost half of the investments in 2011-12.