POLICY FOR REPOWERING OF THE WIND POWER PROJECTS

Ministry of New & Renewable Energy has released the Policy for Repowering of the Wind Power Projects.

Objective:

Objective of the Repowering Policy is to promote optimum utilisation of wind energy resources by creating facilitative framework for repowering.

Eligibility:

Initially wind turbine generators of capacity 1 MW and below would be eligible for repowering under the policy. Based on the experience, Ministry of New & Renewable Energy (MNRE) can extend the repowering policy to other projects also.

Benefits:        

• For repowering projects Indian Renewable Energy Development Agency (IREDA) will provide an additional interest rate rebate of 0.25% over and above the interest rate rebates available to the new wind projects being financed by IREDA.
• All fiscal and financial benefits available to the new wind projects will also be available to the repowering project as per applicable conditions.
• State will facilitate acquiring additional footprint required for higher capacity turbines.
• For placing of wind turbines 7D x 5D criteria would be relaxed for micro siting.

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