The Hindu Business Line
Much will depend on the outcome of the national elections to be held in May 2014 in India, wrote the authors of the Global Wind Energy Council‚Äôs Market Forecast 2014-2018 report a few months back. That about sums up the mood of the wind industry in India.
After suffering for two years after the withdrawal of two key tax-breaks, the Indian wind industry surprised everybody by adding 800 MW in March last year after one of the withdrawn sops ‚Äì the ‚Äògeneration-based incentive‚Äô or GBI ‚Äì was brought back.
In 2013-14, India saw addition of fresh installations of 2,146 MW, up from 1,700 MW in the year before, but much lower than the 3,200 MW it achieved in 2011-12.
Now, as the new Government settles in, the industry hopes for a helping hand.