Karnataka’s electricity regulator has refused to approve the power purchase agreements (PPAs) for wind power projects that were commissioned before March 31, 2017, without a fresh tariff reduction of 17% to Rs 3.74/unit.
India, the 4th largest carbon emitter in the world, ratified the Paris Agreement for Climatic Change in October
While the drop in wind power tariff to Rs2.64 per unit, at an auction conducted by Solar Energy Corp. of India Ltd on Thursday, may seem like a great positive, industry insiders feel it is likely to do more harm than good to the sector.
The wind energy industry is bracing for a further fall in tariffs as auction of projects, which attracted record-low bids in February and prompted utilities to seek low rates from old plants, resume this week.
State-run generator NLC India Ltd is offering to reduce tariffs from two of its power plants after its main buyer asked the company to lower prices or shelve the projects
French energy firm Engie SA and Dubai’s private equity firm Abraaj Group on Wednesday announced a partnership to build a wind power platform in India.
Offshore wind plentiful along the coast of southern India can be a potential source to meet the increasing energy demand in this region, scientists at the National Institute of Ocean Technology (NIOT) in Chennai report.
The Centre has asked wind energy-producing states to ensure regulatory approval of power purchase agreements (PPAs) signed when tariffs and equipment costs were higher, and use special powers under the Electricity Act to issue directions to autonomous regulators in public interest, if necessary.
Wind power capacity in the country could be ramped up to 185GW — an eight-fold increase over 15 years from 2015 — analysis by the International Renewable Energy Agency (Irena) suggests.
Indian Institute of Technology (IIT)-Madras is working on a turbine that can help bring additional 40 GW of additional electricity, or nearly 13 of the country’s generation capacity, to the national grid by harnessing wave energy.