India will conduct the much-awaited auction to award 1 gigawatt (GW) of wind power contracts next Tuesday.
The auction to be conducted by state-run Solar Energy Corp. of India (SECI) comes in the backdrop of India’s wind sector transitioning from a feed-in tariff regime to tariff-based competitive auctions.
While feed-in tariffs ensure a fixed price for wind power producers, the February auction conducted by SECI saw wind power tariffs in India following the solar route and hit a record low of Rs3.46 per kilowatt hour (kWh) for another 1GW tender. Read More…
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