India Budget Revives Wind Subsidy, Introduces Low-Cost Loans
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India today reintroduced a subsidy for wind farms and announced low-cost loans for clean energy generators in its budget for the year starting April 1.
The South Asian nation will reinstate generation-based incentives for wind energy, Finance Minister Palaniappan Chidambaram said in his budget speech to Parliament. The government will allocate 8 billion rupees ($147 million) to the renewable energy ministry for the subsidy, he said.