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