Wind sector in India has grown rapidly in past 10 years. The reason behind this growth is Accelerated Depreciation (AD) benefits for wind project developers. AD allows wind project developer to take advantage of tax benefits. It has been a crucial driver for pushing investment in wind industry in the country.
However, AD benefits for wind power projects have been withdrawn by the government of India from April 2012. This caused very less investment in wind energy sector in this year.