India May Beat U.S. in Wind Installations for First Time

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India may install more wind capacity than the U.S. this year for the first time as a tax-benefit window extending to 2015 prompts U.S. developers to delay setting up new projects.

India is forecast to put up 2,050 megawatts of wind capacity in 2013, compared with the 2,000 megawatts expected in the U.S., according to the latest figures from Bloomberg New Energy Finance due to be published next week.