21 GW solar, wind energy projects to be auctioned by March 2018

21 GW solar, wind energy projects to be auctioned by March 2018

21 GW solar, wind energy projects to be auctioned by March 2018

Buoyed by the success of reverse auction of renewables, the Ministry of New and Renewable Energy today announced auction of up to 21 GW solar and wind capacities by March 2018.The ministry will put on the block 3-4 GW wind power capacities during the third and fourth rounds by March 2018. Each round will be of 1.5-2 GW each, said Power and New and Renewable Energy Minister R K Singh during a media interaction in New Delhi.

The government has already auctioned two GW wind capacities through the first and second rounds this year. According to Singh, who also holds the power portfolio, India will easily achieve 200 GW renewable energy capacity by 2022, as against the targeted 175 GW.
sked about the competition from cheaper Chinese solar equipment imports, Singh said: “We will think about imposing customs duty on solar equipment once we develop our domestic manufacturing capacity.”

Last month, the government announced that wind power tariffs in India have dropped to a record low of Rs 2.64 per unit, discovered through the auction of 1,000 MW projects by the state-run Solar Energy Corporation of India (SECI).

“Wind tariff in India touched the lowest of Rs 2.64 per kWh (kilowatt hour) in the second wind auction conducted by SECI,” an MNRE statement here said.

“The tariff discovered is much lower than first wind auction concluded at Rs 3.46 per kWh in February,” it said

Bubai Bhattacharjee

www.voiceofrepublic.com

leave a comment

Create Account



Log In Your Account



%d bloggers like this:
Skip to toolbar