$3-billion wind market to slow down
Ending a federal tax break for wind farms in India, the largest market for turbines after China and the US, would cause a $540 million drop in demand just as suppliers including General Electric (GE) expand local capacity.
Wind park installations may fall 15% in the financial year starting April 2012 from the 2,600 mw projected for this year should the benefit be discontinued, said an analyst.
Publication Date:
14/07/2011