Solar Energy Corporation of India’s (SECI) 1,200 MW wind auction on Monday saw a surprisingly lukewarm response from developers, with techno-commercial bids of only 600 MW received. SECI confirmed the development.
Most SECI auctions are usually oversubscribed. Its last wind auction of 1200 MW in mid-February, for instance, drew bids of nearly twice the amount. Some developers claimed that SECI’s continuing practice of setting a ‘ceiling tariff’ was the cause. This time the ceiling tariff was set at Rs 2.83 per unit. Projects can be set up anywhere across the country.
“The only state where such a low tariff is feasible is Gujarat,” said a wind developer who did not want to be named. “Perhaps only developers who already have land in Gujarat have submitted bids.” Gujarat has some of the best wind energy producing sites in the country, where wind speeds are very high. Read More