Taking wind out of growing sector

Accelerated Depreciation, an important driver of growth for Indian wind energy sector, was modified in April this year, forcing strong reactions from the industry. Along with this, the ambiguity on generation based scheme (GBI) has created confusion among independent power producers (IPPs). There is fear that the rapid advance in wind sector made till last year may suffer a big setback at least in the short run due to these two moves. However, the long term perspective is still healthy.