BENGALURU: In a move that could revive participation in wind bidding in a big way, the ministry of new and renewable energy (MNRE) plans to stop imposing ceiling tariffs on wind tenders, according to sources close to the development.
Recent wind and solar auctions conducted by the Solar Energy Corporation of India (SECI), an arm of MNRE, have all set ‘ceiling tariffs’ above which bids are not accepted.
Removal of these ceilings has been a long standing demand of the industry. Developers have been protesting against them, maintaining that they are too low and are thereby restricting auction participation, and in turn the growth of renewable energy in the country.
