Indian Govt wants to remove incentive cap for wind energy projects

by Dave

Business Standard

The central government is planning to remove the incentive cap in wind energy which is currently restricted to projects up to 49mw.

The government decision is to encourage more foreign investors to invest in various wind energy projects, according to a senior representative from the Ministry of New & Renewable Energy (MNRE).

MNRE is also planning to encourage more green buildings across the country, for which the department is even planning to give financial assistance for green building projects.

The two day seminar was organised by Solar Energy Society of India (SESI) in association with Ministry of New and Renewable Energy, IREDA, Tamil Nadu Energy Development Agency and Madras Chamber of Commerce and Industries (MCCI).

He added, the building sector poses a major environment challenge as 40
per cent of global emission is contributed by buildings. He said large
construction projects are coming up across the country. Be it
residential or commercial these buildings should be solar passive
buildings with solar water heater system to replace electric heaters
and save power.

Gupta said the ministry planned that there
should be 60 such cities with green rating buildings under the Eleventh
Plan. To support the upcoming projects, the ministry even considering
to give financial assistance to the promoters, he added.