Nodal agency: Ministry of New and Renewable Energy

Policy brief

Ministry of New and Renewable Energy has announced a plan to accelerate wind power capacity addition in the country.

Key highlights

Target Auction of 8 GW every year from 2023 to 2030 subject to a maximum 2 GW every year in any state – bids to be called on a state-specific basis
Bidding process Single stage process with separate technical and financial components for each state
Tariff pooling Offtakers to pay weighted average tariff discovered across all states
Incentives Trading margin rebate of INR 0.02/ kWh for states confirming offtake requirement in advance of bidding process 
Penalties for commissioning delay 12 months: PBG encashment on a pro rata basis
18 months: bidder debarment for 5 years