What are the incentives offered in India for alternate energy.?
Specially for wind and solar energy, on importing key components.
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October 2nd, 2009 at 1:31 am
Plenty offered for India, including the Carbon Offset trading scheme. Also a number of initiatives from the world bank for India and Asia as a whole (reference below)
Some stuff on wind and solar also included in second link go right near the bottom, specifically
Guaranteed Prices. Tamil Nadu and several other State electric boards have agreed to purchase wind power at about 6.4 cents per kilowatthour.(36)
Tax Benefits. These include:
* Five-year tax holidays on income from sales of electricity
* Accelerated depreciation of 100 percent on investment in capital equipment in the first year
* Excise duty and sales tax exemptions for wind turbines
* Import duties on a variety of components waived
* Moving toward a production tax incentive to encourage performance.
Project Financing. India Renewable Energy Development Agency (IREDA) was formed in 1987 to provide assistance in obtaining loans from the World Bank, the Asian Development Bank, and the Danish International Development Agency (DANIDA). This included acting as a conduit for World Bank Loans totaling $78 million specifically for wind.