Wind energy associations in India have appealed for investor friendly policies to accelerate wind energy development in the country. Against the backdrop of the recent power outages in the northern and eastern grids in India and which affected over 600 million lives, the Indian Wind Turbine Manufacturers Association (IWTMA), the Indian Wind Energy Association (InWEA) and the Indian Wind Power Association (IWPA) made a joint presentation at the MNRE ( Ministry of New and Renewable Energy) round table at New Delhi recently calling for immediate action on key pending policy actions that can accelerate capacity additions to the sector.
The associations argued to bring back accelerated depreciation that was discontinued in the current fiscal with some modifications as that would help investments by medium and small scale enterprises. The paper also stressed on seamless national grid connectivity to evacuate power from the wind farm and compulsory power purchase agreements (PPA) by all state electricity boards under the CERC ( Central Electricity Regulatory Commission) norms and deployment of the national clean energy fund (NCEF) for the wind energy sector
