India To Award 1 GW Wind Energy Capacity Next Month

New delhi . India is expected to compete a landmark renewable energy auction by late next month in its endeavour to increase competition and reduce generation costs in the wind energy sector.
 
Officials of the Ministry of New and Renewable Energy have stated that the first-ever wind energy auction in India will be competed by next month. The Solar Energy Corporation of India, responsible for conducting the auction, has already issued the tender documents. The last date for submission of bids is 15 December 2016. 
 
As per final guidelines, the auction of 1 GW onshore wind energy projects will be conducted through reverse e-bidding. A total capacity of 1 GW will be allocated in the auction, however, this capacity may increase if there is such a demand from buyers. Planetsave
 

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