Home India Wind tariffs don’t fall further in latest auction
Wind tariffs don’t fall further in latest auction

Wind tariffs don’t fall further in latest auction

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Tariffs in the wind auction conducted by SECI in February were in the range of Rs 2.82 to Rs 2.84 per unit. SECI is the renewable energy ministry’s nodal agency for holding wind and solar auctions.

BENGALURU: Wind tariffs were little changed from earlier this year in a 1,200 MW auction conducted by the Solar Energy Corporation of India on Tuesday, which attracted bids for half the capacity on offer.

French utility Engie emerged as the biggest winner, quoting the lowest tariff of Rs 2.79 per unit for 200 MW of capacity, while Renew Power and Sprng won 50 MW and 100 MW at Rs 2.81 per unit and Rs 2.82 per unit, respectively. Adani won 130 MW at Rs 2.83 per unit, SECI said.

Tariffs in the wind auction conducted by SECI in February were in the range of Rs 2.82 to Rs 2.84 per unit. SECI is the renewable energy ministry’s nodal agency for holding wind and solar auctions.

The ceiling tariff for Tuesday’ auction was set at Rs 2.83 per unit. Bids were received for only 600 MW, of which 480 MW were allotted. The projects can be located in any part of India and will be linked to the interstate transmission system to supply power anywhere in the country.

“Many developers are not aware of the transmission planning that is being done,” a government official said on condition of anonymity. “For the previous SECI auction, bids for 2,400 MW were got. Some uncertainty is there but it will be subsequently corrected.” The industry is concerned that transmission facilities are not up to speed with power generation, leading to delays in commissioning.

“Developers knew that the participation was poor and that’s why the tariffs quoted in the auction aren’t much lower than the ceiling tariff. The results are in line with industry expectations,” said a developer on condition of anonymity.

A wind auction conducted by Gujarat on Monday saw tariffs in the range of Rs 2.80-2.95 per unit.

Source: economictimes.indiatimes
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Anand Gupta Editor - EQ Int'l Media Network