CleanTech/ Renewable Energy, Other, solar, Wind

MNRE clarifies that schemes for development of solar & wind energy not state specific

The schemes for development of solar and wind energy are not state specific. The project developers are free to develop solar and wind power plants under schemes of the Central Government at a location of their choice including Madhya Pradesh and Andhra Pradesh subject to the fulfillment of the prescribed terms and conditions laid down in the scheme.

In schemes for solar power, incentives like generation based incentive or arrangements for bundling with conventional thermal power were provided while in scheme for wind power, GBI at the rate of 50 paise per unit with a limit of Rs. 62 lakh per MW was offered to developers that do not avail accelerated depreciation till 31.03.2012.

During the next five years, it is envisaged to add 9000 MW of solar power and 15000 MW of wind power to the grid. Thus it is expected that in the next five years the power generation from solar and wind energy will reach about 42 billion units per annum.

The government is providing financial and fiscal incentives like concessional / nil customs and excise duties on certain components/ equipments/ materials for setting up solar and wind power plants, preferential feed-in-tariffs, capital subsidy, generation based incentives, etc. to promote solar and wind energy. Ten years’ tax holiday is provided on income generated from wind power projects.

Technical support, including solar and wind resource assessment to identify further potential sites, is provided by Ministry’s Centre for Wind Energy Technology (C-WET), Chennai.

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