India wind ​power capacity addition ​to grown at 10%: ICRA

India wind ​power capacity addition ​to grown at 10%: ICRA

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wind ​power capacity  addition ​to grown at 10%
wind ​power capacity addition ​to grown at 10%

The Indian credit ratings agency (ICRA) said as much as 2,300 MW of wind capacity is expected to be added in 2014-15, mainly supported by reintroduction of accelerated depreciation and sizable investments by large independent power producers. Annual capacity addition during the current financial year is expected to improve to about 2,200-2,300 MW, implying growth of about 10 per cent over the previous year, which is supported by reintroduction of accelerated depreciation (AD) benefit since July 2014 and sizable investments under implementation by large players in IPP segment.

According to Icra, during the first nine months of 2014-15, wind based capacity addition stood at 1,329 MW, a significant increase of 21 per cent compared to the same period last fiscal. As of December 31, 2014, the total installed wind energy based capacity stood at 22,465 MW, constituting nine per cent of the overall installed capacity in the country and within the renewable energy segment, wind segment continues to occupy a dominant share of 66 per cent.

 

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