Visit for the latest on our upcoming conferences and webcasts



India 2GW auction prices at near record low

INDIA: The winning prices in India's first 2GW federal auction totalled INR 2.44/kWh ($0.038/kWh), in line with the state low tariff record and defying all expectations.

India's first 2GW auction saw prices stay low, despite expectations of an increase (pic: Regen Power Tech)
India's first 2GW auction saw prices stay low, despite expectations of an increase (pic: Regen Power Tech)

All of the 2GW capacity on offer was captured by six bidders.

Developers ReNew Power with 400MW, Green Infra with 300MW, manufacturer Inox Wind with 200MW, and energy firm Torrent power with 499MW were all successful with a tariff of INR 2.44/kWh.

Adani Green and Alfanar won 250MW and 300MW of capacity, respectively at INR 2.45/kWh ($0.03816/kWh).

Betam Power, which could only get an allocation of 50MW, as the 2GW capacity was exhausted, also offered INR 2.45/kWh.

Interestingly, at least one more bidder with the same offer could not get any allocation as the capacity target was already achieved.

In December, Gujarat state auction prices fell to an all-time low of INR 2.43/kWh (€0.03785/kWh).

This response to the tenders suggests the industry can expect the next auctions to stay at the same level or dip even further, despite expectations of prices being revised upwards.

With these new low tariffs, the new auctions have marked a shift in focus from margins, to volumes in the Indian market.

The auctions also bode well for Indian turbine manufacturers such as Suzlon and Inox Wind, which have directly or indirectly won several orders of the 5GW capacity auctioned so far.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Monthly Events

Latest Jobs