Prime Minister Narendra Modi’s government is seeking to step up the pace of auctioning power-purchase contracts for wind-energy plants, building on a contest that reaped record-low prices for solar farms earlier this month.
The government plans to offer deals covering almost 4 gigawatts of wind capacity in the current fiscal year ending March 2018 in addition to 750 megawatts of solar capacity it will tender next month, Ashvini Kumar, managing director at Solar Energy Corp. of India, the country’s implementing agency for renewable targets, told reporters in New Delhi.
Modi is seeking to expand renewables to help balance India’s burgeoning needs for electricity against efforts to clear the skies of pollution. The government has a goal to install 175 gigawatts of renewable capacity by 2022 and is prodding local authorities to step up the pace of permitting renewables. Read More…
Credit By : Bloomberg Quint
Latest posts by Bloomberg Quint (see all)
- OPEC, Russia Said To See Oil Glut Dissipating At A Faster Rate - February 20, 2018
- PM Modi Inaugurates Phase-i Of Rs 7,900-crore Fourth Container Terminal At JNPT - February 19, 2018
- Dubai Plans $22 Billion Of Energy Projects Over Next Five Years - February 13, 2018