WIND TARIFF HITS A NEW LOW

rewp — Thu, 31 Aug 2017 08:06:09 +0000

In an auction held yesterday in Tamil Nadu by TANGEDCO, the latest tariff which has been determined is Rs 3.42 per unit. This is lower than the tariff determined in the auction held in February and below the tariff determined under FiT mechanism. The auction was won by ReGen Powertech, Leap Green Energy and Powertech India for 200 MW, 250 MW and 50 MW capacities respectively.

Keeping in view the recent trend of cancellation of PPAs which were signed at a higher rate, the power minister Sree Piyush Goyal has requested the state utilities to honor them as this can pose a threat to the development of the projects which have already been signed. Though this falls in line with the government’s initiative to have 175 GW RE capacity by 2022, it may also prove to be counterproductive.

The article can be accessed here.

COMPETITIVE BIDDING POSES A RISK ON THE FUTURE OF WIND ENERGY

rewp — Wed, 19 Jul 2017 06:12:41 +0000

The wind energy sector is in a distressed situation after the Union Government’s ‘tariff-based competitive bidding’ mechanism. Earlier, the SERCs used to fix ‘feed-in tariffs’ based on which, the the wind energy companies would sign PPAs with the distribution companies. Since the time this mechanism has changed (February), the state governments are not ready to sign PPA at the higher FiT rates, neither are they ready to take the competitive bidding route, thereby preventing any wind power installations from happening.
This has left the wind industry in a fix. Experts within the industry are predicting that there won’t be any new installations till March 2018. Specially the turbine manufacturers will suffer losses at least in this financial year and so will the image of the wind energy.
The article can be accessed here.

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WIND TARIFF HITS A NEW LOW

COMPETITIVE BIDDING POSES A RISK ON THE FUTURE OF WIND ENERGY