India set to quintuple wind output

India's new government is advising wind turbine manufacturers to lift production, as the country seeks to lift annual wind capacity additions from 2-3GW to 10GW, Clean Technica reports, citing an unnamed "leading Indian newspaper".

According to the website, the government restored accelerated depreciation tax benefits in this year's budget which will be complemented by existing generation-based incentives for the sector, which currently has an installed capacity of 21.2GW and represents 67 per cent of India's renewables capacity.

The details are set to be spelled out in the upcoming 'national wind energy mission', with the targets set to exceed those set under the ambitious national solar mission, Clean Technica says, while the mission will also try to boost wind power infrastructure and regulatory and financial incentives for project developers.

"Wind energy is clearly a favourite for the project developers, as well as financial institutions, as it is a proven technology," the website says, adding that GE recently announced a $US200 million turbine manufacturing unit for the country, while ReNew Power raised nearly $US400 million for its capacity addition plans.