New Delhi: After tasting success in solar energy auctions which helped bring down tariffs, the government is looking to soon start bidding for the wind power sector, power minister Piyush Goyal said on Wednesday. “Solar power auctions have benefited immensely. It’s (wind power auctions) on the way, its on the anvil. But, I realise that pricing that you get out of these feed-in tariffs is never going to be the most optimal tariff.”Fortunately, the success of solar power tariffs has brought solar power prices down by 40% in the last 12 to 17 months. On high prices in the coal auctions impacting firms, he said, “I did not set the auction price.

Source: Mint September 07, 2016 15:45 UTC