After the incredible record-breaking success of the 1,000 MW wind power auction, the sector is now likely to be shifting completely towards the auction-based allocation route. However, this transition may probably lead to a short-term hiatus in the market, as stated by Bridge to India, a renewable energy research company.
Sustained by the fall in tariff to record a new low of Rs 3.46 /unit in the 1st auction of wind power, the Indian government is trying to put in more such projects by the next financial year
After a huge drop in solar tariff to an amount of Rs 2.97/unit, the wind energy rates may drop below Rs 4.5 /unit in the current auction for capacity of upto 1000 MW.