IPPToday #73: Wind power tariffs in India falls to a record low of INR2.64 per unit
- ReNew Power Ventures
- Inox Wind
- Green Infra Wind Energy Ltd
- Adani Group
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The wind tariff in India has touched lowest level of INR2.64(0.0404US$) per kWh in the second wind auction conducted by the Solar Energy Corporation of India (SECI) on behalf of Ministry of New & Renewable Energy, Government of India.
The tariff discovered is significantly lower than first wind auction concluded at INR3.46 (US$0.0525) per kWh in February this year. With improving technology and reducing tariffs Ministry is not only confident of achieving the target of 175 GW by 2022 but exceeding it.
Against the 1000 MW of capacity tendered, SECI received 12 bids totalling to 2892 MW capacity of which 9 bids with a cumulative capacity of 2142 MW were shortlisted for e-reverse auction.
Finally, five winners have been selected for total 1000 MW capacity wind power projects:
|Orange Sironj||250 MW||2.64/kWh|
|ReNew Power||200 MW||2.64/kWh|
|Green Infra||250 MW||2.65/kWh|
|Inox Wind||250 MW||2.65/kWh|
|Adani Green||50 MW||2.65/kWh|
These wind projects are to be commissioned within 18 months from the date of issue of Letter of Award by SECI to successful bidders.
As we reported in June, SECI launched the tender process for 1,000 MW of Interstate Transmission System (ISTS)-connected wind power projects under Tranche-II. With the success of the first 1,000 MW wind auction, the MNRE decided to launch another round of wind auction for wind power projects, which will be developed on a build own and operate basis.
SECI mandated, that developers could bid for a minimum 50 MW and maximum 250 MW capacity with an upper tariff ceiling at US$$0.062/kWh.
We have lately informed about other wind projects in India:
- 50 MW Rojmal wind energy project in Gujarat
- 78 MW Bannur onshore wind farm in Bijapur district of Karnataka
- 100 MW wind project in Kutch, Gujarat state
- 100.8 MW Limbwas wind project in Madhya Pradesh
- 250 MW wind power project in Tamil Nadu
- 100 MW Nimbagallu wind farm in Andhra Pradesh