No more wind-tariff decline in latest auction

Torrent Power, Re-New Power, Green Infra Wind Energy and Inox Wind Infrastructure were among bidders that won contracts in India’s largest auction of wind energy projects with tariffs that were at about the same level reached in the previous sale.

Solar Corporation of India’s latest wind auction of 2,000 MW, the largest so far in the country, attracted bids of Rs 2.44 and Rs 2.45 per unit, while the lowest so far has been Rs 2.43 per unit at a sale conducted by Gujarat’s Urja Vikas Nigam in December 2017. To the relief of the wind industry, the winning tariffs didn’t slip appreciably lower. Tariffs had fallen so steeply in the wind energy auctions held so far that many stakeholders, especially lenders, feared for the viability of the projects won. The bidders at Rs 2.44 per unit were Torrent Power, which got 499.8 MW, ReNew Power (400 MW), Green Infra Wind Energy (300 MW) and Inox Wind Infrastructure (200 MW).