Indian turbine Industry

+  Text   -   

Turbine Industry INDIAN TURBINE INDUSTRY AT A GLANCE IN 2013 - 2014 Turbine Industry

The wind energy sector has been recognized as a significant contributor to the power scenario of the Indian subcontinent. The re-introduction of Generation Based Incentive (GBI) is a timely intervention for the wind industry which was suffering for quite some time now. This would certainly rejuvenate and boost the sector with more investments in the wind industry. The industry is likely to bounce back by 2014-15 and may be able to cross the set target of 5000 MW capacity every year. The Finance Ministry of India has planned to provide low interest rate loans for funding wind energy projects. This fund allocation will be made available from National Clean Energy Fund (NCEF) through Indian Renewable Energy Development Agency (IREDA).

Also the extension of tax exemption of the clause 80-IA for one more year for the industry would be a good factor. The green energy power projects can avail a tax holiday for a period of 10 years out of the total 15 year period. India has an installed capacity of 19 GW of wind energy as of March 2013. Renewable Energy Sources currently accounts for 12.5% i.e. 27.5 GW of India's overall installed power capacity. Wind Energy holds the major portion of 70% among renewable energy in the Indian energy scenario. In its 12th Five Year Plan (2012-2017), the Indian Government has set a target of adding 18.5 GW of renewable energy sources to the generation mix out of which 11 GW would be wind energy.

Indian Turbine in 2013-2014
The industry has put forward a target of 15,000 MW, realistic target of 20,000 MW and an aspirational target of 25,000 MW in the plan period of 2012-2017. Overall the future of Wind Energy in India is bright as energy security and self-sufficiency is identified as the major driver. The biggest advantage with wind energy is that the fuel is free, and also it doesn't produce CO2 emission. Wind farm can be built reasonably fast, the wind farm land can be used for farming as well and it is cost effective too.

Turbine Industry  INDIAN turbine Industry AT A Glance IN 2012 - 2013

Turbine Industry  INDIAN turbine Industry AT A Glance IN 2011 - 2012

Indian Industry  back to turbine INDUSTRies