THE MINISTER OF NEW AND RENEWABLE ENERGY(DR. FAROOQ ABDULLAH)
(a): The Renewable Energy Policy Network for 21st Century (REN 21) in its Global Status
Report âRenewables 2010â has reported that India stood fifth in terms of wind power and
solar water heater capacity added in the year 2009 and 2008 respectively. Further, India ranks
fifth in the world in terms of wind power installations.
(b)&(c): Yes, Madam. Under the Jawaharlal Nehru National Solar Mission (JNNSM) the
Government provides financial support through a combination of 30% subsidy and /or 5% interest
bearing loans for off grid solar applications including solar water heating systems and other
solar appliances.
Government provides various fiscal incentives to promote commercial wind power projects
through private sector investment in wind potential states. These include 80% accelerated
depreciation, concessional import duty on certain components of wind electric generators,
excise duty exemption, 10 years tax holiday on income generated from wind power projects etc.