Spanish renewable energy developer Acciona will no longer participate in wind auctions in India, according to sources close to the development. “Until returns become lucrative, Acciona has decided it will not bid in future auctions,” a source said, requesting anonymity. However they will continue to maintain their existing assets. “They don’t want to get into a bidding war.”
Acciona has commissioned 10GW of projects across 16 countries. Having entered India in 2007, it has commissioned 164MW of wind projects in Karnataka. It has 350MW of wind projects in the pipeline. Many developers have indeed been reluctant to participate in wind auctions of late. In a wind auction held by the Solar Energy Corporation of India last month, only
