|Policy status:||In Force|
|Date Effective:||2017 (Oct)|
|Policy Type:||Economic Instruments>Market-based instruments|
|Size of Plant Targeted:||Large|
|Agency:||Solar Energy Corp. of India (SECI) (Solar Energy Corporation of India Limited); Ministry of New and Renewable Energy (MNRE);|
The Ministry of New and Renewable Energy (MNRE) aims to auction a total of 10 GW of wind power by 2019 through reverse bidding in order to bring the country closer to ids wind target. In 2016, India’s onshore wind capacity stood at 29 GW and country is aiming to reach 60 GW by 2022.
October 2017 auction was the second wind auction round held in India on the national level. The first auction was finalised in February 2017 were 1 GW of capacity was awarded to 4 companies at Rs 3.46/kWh price (USD 53.6/MWh). The second auction brought prices 24% lower in comparison to the earlier round, with the lowest bids reaching Rs 2.64/kWh price (USD 40.0/MWh) for 500 MW capacity. The remaining 500 MW capacity was contracted at Rs 2.65/kWh (USD 41/MWh).
These results were also lower than wind auction prices achieved three months earlier in Tamil Nadu state auction were Rs 3.42/kWh (USD 53/MWh) price was found for 200 MW capacity.
Auction organised by: Solar Energy Corp. of India (SECI) (Solar Energy Corporation of India Limited) (state-run organisation) on behalf of the Ministry of New and Renewable Energy (MNRE), Government of India.
Note: Used today’s (16.10.2017) exchange rate 1 INR = 0.0154 USD, https://finance.google.com/finance/converter. Price in USD might differ on other websites depending what exchange rate was applied.
Last modified: Wed, 08 Nov 2017 18:04:59 CET