India will invite bids for the first time to set up offshore wind power projects in the country with the government planning to auction for 5 gigawatt (GW) of capacity, New and Renewable Energy Minister R.K Singh said on Thursday.
Allotment of priority to wind power in terms of inter-state transmission shall see the stranded assets in the sector a silver lining and the sale through OA mechanism may also gain pace especially in the state’s where demand outshines supply in the country.
Wind power developers in Karnataka with commissioned capacity of 270 MW are hit as the state’s energy department and electricity regulator engaged in a tiff over tariff rates.
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.
UAE-based investment firm Abraaj Group has announced a partnership with French multinational Engie to pursue wind power projects in India.
Based on a single contested study of migratory birds, the government’s Forest Advisory Committee (FAC) approved a 40 MW wind power project in Andhra Pradesh, despite the environment ministry batting for an environmental impact assessment (EIA).
Inox Wind has closed a deal for developing a 100MW wind power project for Adani Green Energy, a part of the Adani group at Kutch in the state of Gujarat.
The disruption caused by India’s low clean energy tariffs is playing out, with rating agency Crisil cautioning that the risk profile of wind projects will increase.
Solar Energy Corporation of India (SECI) will sign Power Purchase Agreements with selected wind developers and back-to-back Power Sale Agreements with buying utilities
Union Minister of State for Power, Renewable Energy, Coal and Mines, Piyush Goyal on Thursday announced yet another auction of 1000 mw of wind power projects, likely to kick off by this month end. This comes close on the heels of the recent successful bidding for 1,000 MW of wind power projects at Rs 3.46 per unit in February.