The power generation from new wind power projects would come down from 1800 mW in 2007-08 to 1200 mW during 2008-09, according to G.M. Pillai, Director General of World Institute of Sustainable Energy, Pune.

The reasons for this range from credit squeeze to fall in corporate profits.

The fall in profits would result in a reduced tax burden and hence, companies may find the tax benefits from wind power projects a less attractive option. Nevertheless, there is no cause for worry, he says.

‘The renewable energy outlook 2030’, a report released by Energy Watch Group, has projected a high variant scenario of 29 per cent supply of the heat and electricity requirements from renewable sources by 2030.

A UNEP sponsored report on ‘green jobs’ details about the alternative green jobs likely to be created during the transition to sustainability.

In fact, the future strength of the sector lies in policies intended to put a halt to factors contributing to climate change.

Climate-friendly initiatives aimed at energy security is the need of the hour, says Mr. Pillai.

Introduction of generation-based incentives for electricity generated from wind and solar power plants, reduction in lending rates, establishing a stable policy environment through the introduction of a renewable energy law and a conscious decision to gradually phase out fossil fuel generation are among the steps mooted by him.