Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

Wind Energy Tariffs Rise In India’s State-Level Auction

Wind energy tariffs in the latest auction in India are firming up even as competition among project developers remained high.

Wind energy tariffs in the latest auction in India are firming up even as competition among project developers remained high.

The Maharashtra State Electricity Distribution Company Limited (MSEDCL) offered a wind energy capacity of 500 megawatts in a recent auction. The tender was oversubscribed with fierce competition among prospective developers.

The largest winner in the auction was Torrent Power, which had placed a bid to develop 146 megawatts but was awarded 124.4 megawatts. It secured the capacity at Rs 2.87/kWh (4.42¢/kWh), the highest tariff bid of the auction. Mytrah Energy secured 100 megawatts at Rs 2.86/kWh (4.40¢/kWh) while Hero Wind Energy, Adani Green Energy, and KCT Renewable Energy won 75 megawatts each. Inox Wind also secured a 50 megawatt project.

Adani Green Energy and KCT Renewable Energy bid the lowest tariff of Rs 2.85/kWh (4.38¢/kWh). This lowest tariff is at a 17% premium to the lowest-ever wind energy tariff quoted in competitive auctions in India — Rs 2.43/kWh (3.7¢/kWh). The lowest tariff was discovered in another state-level auction in December 2017.

This was the first wind energy auction conducted by the state of Maharashtra following the widespread shift from a feed-in tariff regime to competitive auctions across India last year. By these standards, it is a good start. The first state-level wind energy auction was conducted in Tamil Nadu which resulted in the lowest tariff bid of Rs 3.42/kWh (5.3¢/kWh), which was the lowest tariff in India at that time. The sharp jump in tariff bids in the Maharashtra auction compared to the Gujarat auction could possibly be due to the comfort project developers have with the buying companies in terms of regular payments as well as availability of good sites to set up projects.

 
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Former Tesla Battery Expert Leading Lyten Into New Lithium-Sulfur Battery Era — Podcast:



I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Advertisement
 
Written By

An avid follower of latest developments in the Indian renewable energy sector.

Comments

You May Also Like

Green Economy

Some of the leading global pension funds are vying for a stake in the latest renewable energy yieldco offering in India. According to media...

Green Economy

Global investment firm KKR has participated in the second fundraising exercise in sixth months for India-based Serentica Renewables. According to media reports, KKR has...

Green Economy

The Indian renewable energy company Avaada has secured a massive $1.07 billion from multiple investors, including Brookfield.  According to media reports, Brookfield Renewable, part...

Clean Power

GAIL India, a government-owned natural gas distribution company, has announced plans to enter the solar module manufacturing sector. GAIL, formerly Gas Authority of India...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.