Last week’s successful wind power auction could be a mixed blessing for wind solutions providers Suzlon Energy Ltd and Inox Wind Ltd. Ltd, auction-based project awards can trigger renewed interest from foreign companies in India’s wind energy market. ALSO READ | India wind power tariff follows solar route, falls to record lowBut this auction can set uncomfortable precedents for equipment makers. States till now have been awarding wind energy contracts and signing electricity purchase agreements on a preferential basis. Auctions will provide more transparency to the sector, break wind turbine manufacturers’ domination and make the wind turbine market more efficient,” Bridge to India, a consulting firm, said in a blog.

Source: Mint March 03, 2017 02:26 UTC