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In recent times, the Central and state governments have been offering wind and solar power projects based on tariff auction, that is, to those who quote lowest power tariff.
He said the state governments have to draft suitable tariff policy taking into account the costs involved in wind and solar parts of hybrid renewable power projects.
"Now existing wind farms are getting converted into hybrid power farms."
The official also said that common bidding of projects regardless of the technology -- wind or solar or hybrid -- may not happen soon in the country as the field should first be levelled out.
He added that auctioning of wind power projects has started picking up.
He said India will remain a key market for years to come.
According to Tacke, the global wind market dynamics are changing and so is India.
"Hence, it is imperative for us to respond to the market with more agility, better products and comprehensive digital intelligence which will set us to the path for strong profitable growth," Tacke said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)