India Wind Energy Auctions – The Way Forward
Gaurav Sood1, Abhinav Bhansali2, Prakash Rao1
1Gaurav Sood*, CEO, Sprng Energy, Pune, India.
2Abhinav Bhansali, Senior Project Manager, Sprng Energy, Pune, India.
3Dr. Prakash Rao, Deputy Director, Symbiosis Institute of International Business, Pune, India.
Manuscript received on September 15, 2019. | Revised Manuscript received on 24 September, 2019. | Manuscript published on October 10, 2019. | PP: 578-585 | Volume-8 Issue-12, October 2019. | Retrieval Number: L34621081219/2019©BEIESP | DOI: 10.35940/ijitee.L3462.1081219
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: As part of its commitments in Conference of Parties (COP21), India under Intended Nationally Determined Contributions (INDCs) (40% from renewables by 2030) plans to establish a total capacity of 175GW renewables by 2022, of which at least 100 Gigawatt (GW) would be solar, 60 GW wind, 5 GW small hydro and 10 GW from biomass . Wind energy installation and generation had taken an early start in India and we already had an installed capacity of about 30 GW by 2016. This paper, discusses the impact of the important decision taken by Government of India in 2016 with regards to fading away of Feed in Tariff (FiT) regime and bringing in competitive bidding in wind energy in the country and tries to assess whether it was the right decision or not and what further steps should be done to ensure that the underlying objective of this transition is fully met. A total capacity of 12.5GW + has been allocated in various central and state government auctions and a detailed analysis in respect of the implementation status and applicable commissioning timelines for the same has been brought out. Further, an analysis has been done to highlight the challenges faced by Wind Power Developers (WPD’s) in the timely implementation of the allocated projects. This study brings out the recommendations in regards to changes to be made in the policy, guidelines and tenders to have a sustainable wind energy industry which is a win-win for the government through capacity additions at required pace & competitive tariffs and an economically beneficial ecosystem for both WPD’s and Wind Original Equipment Manufacturers (OEMs). Since the impact of wind energy auctions is still being analyzed, this may be one of the first papers and result in setting up of precedent for future papers & numerous case studies revolving around a specific wind power project.
Keywords: MNRE, Wind Energy, Tariffs, Auctions.
Scope of the Article: Renewable Energy Technology