Wind energy sector in India expected to attract Rs. 20,000 crore of investments..

India's sluggish wind energy market is set for a revival following the restoration of a depreciation incentive, which is expected to attract about Rs. 20,000 crore of investments next year as companies across sectors add 3,000 MW of capacity powered by this renewable source of energy.

The reintroduction of accelerated depreciation (AD), which was withdrawn in 2012, is poised to support equipment manufacturers, including Suzlon Energy Ltd., the country's largest wind turbine maker, which received 150 MW of orders soon after the benefit was brought back.

'Investment of Rs. 20,000 crore is expected in the next fiscal year, with 70% coming as debt. Rs. 5,000-6,000 crore can come from equity. Keeping the potential of wind energy in mind, it's still not big money,' Chintan Shah, President (Strategic Business Development) at Suzlon, told ET.

ET