The wind tariff in India touched lowest level of Rs.2.64 (0.0405 USD) per kWh in the second wind auctionconducted by the Solar Energy Corporation of India (SECI) on behalf of Ministry of New & Renewable Energy, Government of India yesterday. The tariff discovered is much lower than first wind auction concluded at Rs. 3.46 per kWh in February this year. With improving technology and reducing tariffs Ministry is not only confident of achieving the target of 175 GW by 2022 but exceeding it.
Against the 1000 MW capacity SECI received 12 number of bids totalling to 2892 MW capacity of which 9 bids with a cumulative capacity of 2142 MW were shortlisted for e-reverse auction. The auction started at 3 pm on 4 October and continued for over 13 hours. Five winners selected for total 1000 MW capacity wind power projects include ReNew Power for 250 MW projects quoting Rs.2.64/kWh, Orange Sironj for 200 MW projects quoting Rs.2.64/kWh, Inox Wind for 250 MW projects quoting Rs.2.65/kWh, Green Infra for 250 MW projects quoting Rs.2.65/kWh and Adani Green for 50 MW projects quoting Rs.2.65/kWh. These wind projects are to be commissioned within 18 months from the date of issue of Letter of Award by SECI to successful bidders.
Source: Press Information Bureau, Government of India
Illustration Photo: Wind Farm in India (credits: Asian Development Bank / Flickr Creative Commons Attribution-NonCommercial-NoDerivs 2.0 Generic (CC BY-NC-ND 2.0))