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