India to Provide Subsidies for Wind Power Projects

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Dec. 18 – The government will offer Rs3.8 billion (US$81 million) in generation-based subsidies for wind power projects contributing power into the national grid until 2012.

The Ministry of New and Renewable Energy said wind power projects will be paid 0.5 rupee (US$0.010) per unit of power fed into the power grid with a limit of Rs 6.2 million (US$132,234) per MW for at least 4 years and maximum 10 years. Projects of up to 4,000 MW will be qualified for the subsidies reports Press Trust of India.