TIL Desk/Business/New Delhi-Wind power tariff dropped to a record low of Rs 3.46 per unit today in an auction of 1,000 MW capacity conducted by Solar Energy Corporation of India (SECI). This is another major development for clean energy after solar power touched all-time low of Rs 2.97 per unit earlier this month for Reva solar Park.
“Mytrah Energy, Green Infra Wind Energy, Inox Wind Infrastructure Services, Ostro Kutch Wind and Adani Green Energy have emerged as lowest bidders. All these five firms have quoted Rs 3.46 per unit rate for the 1,000 MW capacities on block,” a source said.
The source added that the aggressive bidding, which started yesterday, went on till around 0200 hrs today despite an advisory issued by industry body to avoid bold bids. The Indian Wind Turbine Manufacturers Association had reportedly issued an advisory to some players before the auction started in view of uncertainties due to GST implementation.
“After solar cost reduction below Rs 3/unit, wind power cost down to Rs 3.46/ unit through transparent auction. A green future awaits India,” Power, Coal, New and Renewable Energy Minister Piyush Goyal said in a tweet.
