Source: Financial Express, Oct 14, 2019
Wind-solar hybrid projects were seen as one of the options before the Union government to help it meet the ambitious renewable target of 175 MW capacity by 2022. Nearly a year since their launch, however, projects have seen a slow start, with experts attributing the same to the policy guiding auctions. Of the 3,200 MW of wind-solar hybrid tenders launched in the last one year by central and state agencies, only 2,400 MW have materialised and 1,600 MW been allotted, indicating an under-subscription of 34%. The auctions have witnessed participation from a handful of developers like Adani, Softbank, and ReNew Power.
The tepid response to the tenders even led the Solar Energy Corporation of India (SECI) to cut the capacity of one of its tenders from 2,500 MW to 1,200 MW. Two other wind-solar hybrid tenders, one from NTPC for 174 MW in Karnataka and another for 600 MW in Andhra Pradesh, have got cancelled. Read the rest of this entry »