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    Mukul Joshi
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    The document discusses the economics of renewable energy in India. It notes that India has significant renewable energy resources and one of the largest renewable energy programs worldwide. The Indian Ministry of Power promotes renewable energy sources for power generation through specific agencies. Currently, renewable power capacity is about 11% of India's total installed capacity. The growth has been achieved through recent policies and guidelines that aim to reduce costs and attract investment through economies of scale. These policies provide major support through subsidies for infrastructure, loans, land acquisition, generation-based incentives, and feed-in tariffs. Additionally, the government promotes renewables through various tax benefits like income tax breaks, accelerated depreciation, and duty reductions to address the sector's high costs and low

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    The document discusses the economics of renewable energy in India. It notes that India has significant renewable energy resources and one of the largest renewable energy programs worldwide. The Indian Ministry of Power promotes renewable energy sources for power generation through specific agencies. Currently, renewable power capacity is about 11% of India's total installed capacity. The growth has been achieved through recent policies and guidelines that aim to reduce costs and attract investment through economies of scale. These policies provide major support through subsidies for infrastructure, loans, land acquisition, generation-based incentives, and feed-in tariffs. Additionally, the government promotes renewables through various tax benefits like income tax breaks, accelerated depreciation, and duty reductions to address the sector's high costs and low

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    Download as DOC, PDF, TXT or read online from Scribd
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    Download as doc, pdf, or txt
    8 views2 pages

    Abstract For Conference - Icare

    Uploaded by

    Mukul Joshi
    The document discusses the economics of renewable energy in India. It notes that India has significant renewable energy resources and one of the largest renewable energy programs worldwide. The Indian Ministry of Power promotes renewable energy sources for power generation through specific agencies. Currently, renewable power capacity is about 11% of India's total installed capacity. The growth has been achieved through recent policies and guidelines that aim to reduce costs and attract investment through economies of scale. These policies provide major support through subsidies for infrastructure, loans, land acquisition, generation-based incentives, and feed-in tariffs. Additionally, the government promotes renewables through various tax benefits like income tax breaks, accelerated depreciation, and duty reductions to address the sector's high costs and low

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    of 2

    RENEWABLE ENERGU SUMMIT (ENERGY CONFERENCE )

    Economics of Renewable energy in India Tax & Incentive


    ABSTRACT

    Submitted by
    Upendra Sachan (09675526675) Mukul Joshi(09675503323) UPES ,Dehradun MBA (Power management )

    Abstract

    India has a vast supply of renewable energy resources, and it has one of the largest programs in
    the world for deploying renewable energy products and systems. Indeed, it is the only country in the world to have an exclusive ministry for renewable energy development. This being one of the key sector of the economy which should be focused through a combination of incentive and direct benefit. For this the Indian Ministry of Power have mandate to promote renewable energy sources for Power Generation under specific Nodal agencies and hence they will play a major role in mainstreaming the renewable energy sector of India. Specifically, according to Ministry of Non-Conventional Energy Sources (MNES) present years, renewable power capacity is upto11% of total installed capacity. This growth has been achieved through the recent policy and guidelines attention to this sector. These are aimed to economies of scale to reduce the cost and to convince competition for investment in this sector. These policies helps to give major thrust to this sector majorly by two methods .Firstly different subsidies given to the this sector incorporating infrastructure ,soft loan, land acquisition, capital/Interest subsidy ,environmental , generation based incentive, CDM and providing feed in tariffs schemes for generation of renewable energy . Secondly due to high operating cost and less profit margin Indian Government promote this sector by different Tax benefit by Income tax breaks, Accelerated depreciation, reduction in different duties on green products and other tax benefit under section 80 IA in financial point of view. Although all the benefit and subsidies, there are many different issue and challenges are faced by this sector. To resolve this technology and financial uncertainty nodal agencies have to come with better solution and new guidelines & reforms to encourage and sustain growth in this booming sector by public private partnership or any other smart solutions.

    Renewable Energy Summit (Energy Conference) UPES, Dehradun

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