|Policy status:||In Force|
|Policy Type:||Economic Instruments>Fiscal/financial incentives>Tax relief, Economic Instruments>Fiscal/financial incentives>Loans|
|Policy Target:||Energy Sector>Electricity Generation>Renewable>Hydropower|
|Agency:||Indian Renewable Energy Development Agency Ltd|
The federal Indian government initially sought to support increased power generation from wind turbines in the 7th National Five Year Plan (1985 to 1990). The Ministry of New and Renewable Energy (MNRE) has since developed a range of policy measures and fiscal incentives to encourage the development of wind farms and make them commercially viable.
These policy initiatives include:
The central government and a number of state governments and union territories have extended fiscal and financial incenctives for the development of smaller scale wind, solar, and bioenergy projects. MNRE also provides incentives to carry out detailed survey and investigation and preparation of detailed project reports. Presently these projects also qualify for a tax holiday as infrastructure projects.
The initiatives undertaken by IREDA and MNRE include the following goals with matched baselines for each form of renewable energy:
However, for a deeper overview please see the URL source. Each province/state of India has staggered renewable energy policies dating back from as early as 2002 to the present. These provinces include:
Last modified: Wed, 31 May 2017 16:06:06 CEST