New Delhi: India’s wind power tariff fell to a record low of Rs2.64 per unit in an auction conducted by state-run Solar Energy Corp. of India (SECI) for 1 gigawatt (GW) of wind power contracts that ended in the wee hours of Thursday morning. While ReNew Power Ventures Pvt.
In an auction on October 5, 2017 in India, developers said they could build a 250-MW capacity wind farm and sell the power for Rs2.64 [US $0.041] per kWh. That’s lower than the cost of coal-fired power in the country, which sells for Rs3.20 [US $0.049] per kWh. The government, which was seeking up to 1000-MW of capacity received bids for 2,892 MW of capacity, almost