Open AccessIndia Wind Energy Auctions – The Way Forward
Author(s) -
Gaurav Sood*,
Prakash Rao
Publication year - 2019
Publication title -
international journal of innovative technology and exploring engineering
Language(s) - English
Resource type - Journals
ISSN - 2278-3075
DOI - 10.35940/ijitee.l3462.1081219
Subject(s) - call for bids , renewable energy , bidding , wind power , government (linguistics) , business , feed in tariff , nameplate capacity , tariff , environmental economics , common value auction , engineering , economics , energy policy , electricity generation , marketing , power (physics) , procurement , international trade , linguistics , philosophy , physics , quantum mechanics , electrical engineering , microeconomics
As part of its commitments in Conference of Parties (COP21), India under Intended Nationally Determined Contributions (INDCs) (40% from renewables by 2030) plans to establish a total capacity of 175GW renewables by 2022, of which at least 100 Gigawatt (GW) would be solar, 60 GW wind, 5 GW small hydro and 10 GW from biomass [1]. Wind energy installation and generation had taken an early start in India and we already had an installed capacity of about 30 GW by 2016. This paper, discusses the impact of the important decision taken by Government of India in 2016 with regards to fading away of Feed in Tariff (FiT) regime and bringing in competitive bidding in wind energy in the country and tries to assess whether it was the right decision or not and what further steps should be done to ensure that the underlying objective of this transition is fully met. A total capacity of 12.5GW + has been allocated in various central and state government auctions and a detailed analysis in respect of the implementation status and applicable commissioning timelines for the same has been brought out. Further, an analysis has been done to highlight the challenges faced by Wind Power Developers (WPD’s) in the timely implementation of the allocated projects. This study brings out the recommendations in regards to changes to be made in the policy, guidelines and tenders to have a sustainable wind energy industry which is a win-win for the government through capacity additions at required pace & competitive tariffs and an economically beneficial ecosystem for both WPD’s and Wind Original Equipment Manufacturers (OEMs). Since the impact of wind energy auctions is still being analyzed, this may be one of the first papers and result in setting up of precedent for future papers & numerous case studies revolving around a specific wind power project.