According to the sources, the bidders of lowest renewable energy tariff this year, i.e., Acme Group, the bidder of countryâ€™s lowest solar tariff, and Inox Group, the bidder of lowest wind tariffs in the country, are planning to exit their respective renewable energy projects due to several reasons.
According to a senior execution, the Infrastructure Leasing and Financial Services Ltd. (IL&FS) is planning to hit the domestic bond market to refinance almost Rs. 6,000 crore (about $940 million) of debt. Countryâ€™s longest road tunnel, the 9.2 km Chenani-Nashri project in Jammu and Kashmir, was financed by the debt.
The scientists at the National Institute of Ocean Technology (NIOT) in Chennai have reported offshore wind to be a potential source of energy that can be deployed to meet the increasing energy demand in the region. Wind resource is adequate for setting up offshore wind farms along the coast of southern India.
According to the sources, ReGen Powertech has submitted bids quoting a record low tariff in the Tamil Nadu wind energy auction. ReGen sought 200 MW at Rs 3.42 per unit for the bids invited by the Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO).