Firms Bid Rs2.44 Per Unit In India’s Wind Power Auction

Firms Bid Rs2.44 Per Unit In India’s Wind Power Auction

India’s wind power tariff firmed up to Rs2.44 per unit in an auction conducted by state-run Solar Energy Corp. of India (SECI) for 2 gigawatt (GW) of wind power contracts that ended on late Tuesday evening, said a person aware of the development.

Torrent Power, Goldman Sachs-backed ReNew Power Ventures Pvt. Ltd, Singapore-based power producer Sembcorp Industries Ltd’s Green Infra Wind Energy Ltd and Inox Wind Infrastructure Services Ltd bid Rs2.44 per kilowatt-hour (kWh) to win contracts for 499.80 megawatts (MW), 400 MW, 300 MW and 200 MW, respectively. Adani Green Energy (MP) Ltd, Saudi Arabia’s Alfanar and Betam Wind Energy Pvt Ltd also bid Rs2.45 per unit to win contracts for 250 MW, 300 MW and 50.2 MW, respectively.

“This was India’s largest wind capacity auctioned till date by SECI,” added the person cited above, on the condition of anonymity.

Wind power tariffs had plummeted to a record low Rs2.43 per kWh at an auction conducted by state-run Gujarat Urja Vikas Nigam Ltd in December last year, beating the record low solar tariff of Rs2.44 per unit registered in May. Read More…

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