Govt’s second wind auction attracts bids worth 2,898 MW

Source: The Hindu Business Line, July 16, 2017

Chennai: The second auction for alloting 1,000 MW of wind power capacity has attracted bids worth 2,898 MW. The bids closed on Saturday.

The first auction, also for 1,000 MW, which concluded on February 25 this year, resulted in wind energy companies agreeing to sell wind energy for as low as ₹3.46 a kWhr.Milestone

The auction was a milestone event in the history of India’s renewable energy industry, as it changed the way tariffs are discovered, from negotiated Feed-in Tariffs, to the cheaper tariffs discovered through competitive bidding.

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