NewEnergyNews: India To Buy 4.5GW Of Wind

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    Friday, October 20, 2017

    India To Buy 4.5GW Of Wind

    Wind power capacity addition put on fast track, 4,500MW up for auction

    Nistha Saluja, October 16, 2017 (The Economic Times of India)

    “…[India’s government] is planning to auction 4,500 MW [of] wind projects in the next four months to upscale the wind capacity addition in the country…1,500 MW [of] wind projects will be rolled out in October…[and there] will be two more wind bids of the same capacity in December this year and February next year…[The next auctions will increase maximum project size to 400 MW. They come after meagre wind capacity was added in 2017. The] government is looking to enhance its capacity installation in the wind sector…Wind auctions conducted on October 4 this year saw record low wind tariffs at [Rs 2.64/kWh or $0.041/kWh. Slow growth in the wind sector contributed to] the low tariffs, as equipment suppliers were left with huge inventory…[The government wants to ensure that tariffs do not go up in the next auction and is reportedly will to postpone them if developers attempt to drive prices up]…Power from renewable energy contributes about 17.5% to the country's energy mix. The government has set a target of 175 GW renewable energy capacity addition by 2022, based on projections of potential in GREENING THE GRID: Pathways to Integrate 175 Gigawatts of Renewable Energy into India’s Electric Grid, Vol. I—National Study. It targets 100 GW from solar, 60 GW from wind, 10 GW from biomass and 5 GW from hydro projects.” click here for more

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