India’s wind energy potential is about 80,000 MW, and by the end of this fiscal  year it will achieve a capacity addition of 2,300 MW. The reintroduction of accelerated depreciation (a form of tax incentive to promote renewable energy) and investments by large independent power producers (IPPs) are bolstering the growth, credit rating agency ICRA has said. During the financial year 2014, India witnessed a capacity addition of 23 per cent.

Economy Lead reports that the southern state of Andhra Pradesh has ratified solar and wind energy policies aimed at making the state the biggest renewable energy producer in another five years. The policies envisage single window system for approval of projects, easy permissions and treatment like industries for according clearances.

Since wind is “free”, the cost of generating electricity is now at par with a conventional source like coal.  Further, there aren’t very many companies in the renewable energy IPP space.