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Fall in wind power tariffs seem to be have bottomed out as the price inched up to Rs 2.44 per unit in the latest auction for 2000 MW capacities.
The auction was conducted by Solar Energy Corporation (SECI) yesterday.
Sources said as many as six firms, including Torrent Power, Inox Wind Infrastructure Services, Green Infra Wind Energy, and ReNew Power emerged as the lowest bidders for 2000MW wind capacities.
Earlier in December, the wind power tariff had dropped to an all time low of Rs 2.43 per unit in an auction conducted by Gujarat Urja Vikas Nigam Ltd (GUVNL).
The tariff last year started its descend to touch a low of Rs 3.46 in the first round of auction for 1GW capacity by the SECI.
The price fell further to Rs 2.64 in the second round of auction for 1 GW by the SECI in October 2017.
At present, India has an installed wind capacity of 32.7 GW. The government has planned to auction 10 GW each in 2018- 19 and 2019-20.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)