The financial aspects of wind power generation in India are examined. The cost estimate scaling function for horizontal axis wind turbines (HAWT) is empirically obtained. Other cost components have also been examined and effort is made to generate a cost function for wind farms with grid connected HAWT wind energy conversion systems. The cost function is then used to compute the cost of wind generated electricity from the wind farms in India and the results are compared with the reported cost of generation from the wind farms. The potential of wind-farm power generation is briefly discussed in the light of the cost of power generation by selected conventional technologies in India.