India set to revive wind tax-break

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The Indian government is planning to reintroduce a well-loved tax break known as accelerated depreciation (AD) for wind farm owners, in a move that would send a jolt through the world’s fourth-largest wind market.

Having watched the Indian wind market shrink by 47% in 2012 after two critical support mechanisms were binned last year, Delhi reinstated the generation-based incentive (GBI) in February to cheers from industry.

That move alone has led some experts, such as the Global Wind Energy Council (GWEC), to predict a return to growth from next year, despite the GBI being seen as carrying more risk for investors than the AD mechanism.