The Ministry of New and Renewable Energy (MNRE), Govt. of India, is planning to auction an additional of up to 4 GW of wind power capacity by the end of the current financial year.
MNRE has successfully auctioned 1 GW of wind power capacity in February this year in Indiaâ€™s first ever auction of WPPs.
Sources report that a significant number of Distribution Companies (DISCOMS) are buying wind power under the first 1000 MW Auction scheme of MNRE. The DISCOMS buying wind power under the scheme are in, UP (449.9 MW), Bihar (200 MW), Jharkhand (200 MW), Delhi (100 MW), Assam (50 MW) and Odisha (50 MW). MNRE reveals, another 1000 MW bid would be announced shortly.
It is learnt that Andhra Pradesh Southern Power Distribution Company Limited (APSPDCL) – the stateâ€™s main distribution company has decided to renegotiate the Power Purchase Agreements (PPAs) it had earlier signed with the Wind Power Project developers.
APSPDCL had entered into agreements with the WPP developers considering the wind power feed-in tariff of Rs. 4.8 per kWh for year 2016-17, as declared by the Andhra Pradesh Electricity Regulatory Commission (APERC). DISCOM has now decided to enforce the new tariff of Rs. 3.46 per kWh (i.e., lowest tariff in Indiaâ€™s first ever auction of WPPs).
The Danish company KK Wind Solutions, a specialist in providing control systems for wind turbines, has expanded its business to serve the Indian market. The company is planning to manufacture and sell â€˜low voltage ride throughâ€™ (LVRT) – devices meant to render grid stability.
KK Wind Solutions will venture into the Indian market through a tie-up with Enerfra Projects, Bangalore.
LM Wind Power, a renowned manufacturer of blades for wind turbines, might soon commission a new wind turbine blade manufacturing facility in India, to cater to the requirements of its customers in the rapidly growing Wind Energy market. This would be LM Wind Powerâ€™s third manufacturing plant in the country.
According to sources, in a recent statement, power, coal, renewable energy and mines minister Mr. Piyush Goyal said that India will close doors for investment by foreign firms in the power sector, including renewable energy, if Indian companies are not allowed to make investment in such countries. Mr. Goyal made it clear that India will follow the rule of reciprocity and will not in any case allow foreign firms to make investment in Indian power sector, unless Indian firms are granted similar opportunities overseas.