Wind energy turbine manufacturers expect additional installation of over 3,500 mega watt (MW) in 2015-16.
Madhusudan Khemka, chairman, Indian Wind Turbine Manufacturers Association (IWTA) said that in 2014-15, the wind energy sector saw addition of 2,310 MW.
He added that the figure could have been higher if some of the state-related issues had been resolved in time.
In a letter in an internal magazine of the association, he said the market response to the delayed announcement of Accelerated Depreciation (AD) was good, adding that the AD market will cross 1 GW in 2015-16.
Khemka said, “Incentives of AD, GBI (Generation Based Incentive) and 80 IA benefits have enhanced investments.”
“Irrespective of the policies at the Centre, the urgent need of the hour is to work with wind states and mainstream wind power,” he added, pointing out that power evacuation and land are the major impediments to project execution.
Raghuram Sachidanandam, AVP – Government Relations & Regulatory Affairs Department at Gamesa Wind Turbines in the magazine explained that both the incentives are mutually exclusive and investors can choose either AD or GBI.
In 2011-12, the industry installed 3,200 MW with both incentives and in the absence of AD and GBI, it came down as low as 1,700 MW in 2012-13.
