Investment in Indian Renewable energy could result in 15-20 percent returns depending on the state you look at and the type of assets you are buying according to a survey done by KPMG.
India is the third most favored destination globally for investments in the renewable energy sector and will also be a major source of new entrants into the sector, behind the US and China, according to a survey released Wednesday by global consulting firm KPMG.
The Indian renewable energy market has become increasingly dynamic in recent years as a result of strong natural resources, greater accommodation to international investments and a variety of government incentives.
The government is providing an array of incentives to firms in the renewable energy sector including setting of renewable energy generating standards for utilities, creating a structure for trading renewable energy certificates.
On the tax incentives front, the government has allowed project developers to take 80 percent accelerated depreciation on assets deployed in renewable energy generation and given a ten year tax holiday to the sector and concessional duties for imports.
In the Indian renewable energy sector, solar and wind energy will be the driving force for overseas investments and acquisitions. The Indian wind market has experienced rapid growth in recent months.
"Some $586 million of project financing flowed into Indian onshore wind farms in the first quarter of 2011, only 37 percent below the $934 million that was allocated to the sector throughout 2010," said the survey.
Each state in India is vying to attract investment by drawing up Solar Policies that are pro active, lucid, profitable and time bound.
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