Of this, 100,000MW is to be generated by solar projects and 60,000MW by wind projects. For starters, several state governments are already pressurizing renewable power producers to renegotiate existing deals at a lower price, and the new record low tariff for wind power is only likely to embolden them further. “Once the government signs a PPA, it is committed to make payment of tariffs at the rates set out in the agreement. Sandeep Upadhyay, managing director and chief executive officer of Centrum Infrastructure Advisory Ltd, said wind turbine prices haven’t dropped enough to justify such low bids. Of this, 100,000MW is to be generated by solar projects and 60,000MW by wind projects.

Source: Mint October 06, 2017 04:07 UTC