Wind power contracts: In first-ever tariff-based auction, rates plunge to historic low of Rs 3.46/unit

Wind power contracts: In first-ever tariff-based auction, rates plunge to historic low of Rs 3.46/unit

Renewable energy producers posing a challenge to coal-based power might have once been considered a remote possibility, but not any longer. While solar tariffs have fallen to an unexpectedly low R2.97 per unit in the latest round of bidding, the first ever tariff-based auction for long-term wind power contracts saw tariffs plunging to a historic low of R3.46 a unit in the early hours of Friday.

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