The Union Ministry of New and Renewable Energy (MNRE) is planning to stop imposing ceiling tariffs on wind tenders.
Recent wind and solar auctions conducted by the Solar Energy Corporation of India (SECI), an arm of Ministry of New and Renewable Energy (MNRE), have all set ceiling tariffs above which bids are not accepted. Wind tenders issued by central agencies have been met with lukewarm participation in 2019.
Only around 1.8 GW was added between April and December 2019. The government intends to stop setting ceiling tariffs starting from SECI's 10th tranche of wind auctions.
SECI's most recent wind tender (Tranche 9) has been postponed five times because of tepid participation. The ceiling tariff for it was Rs 2.93 per unit.