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India's first hybrid solar-wind auction yields tariff under Rs 2.70/unit
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IANS | 06 Dec, 2018
In the country's first
solar-wind hybrid auction conducted by the state-run Solar Energy
Corporation of India (SECI) has yielded the lowest highly competitive
tariff of less than Rs 2.70 per unit, the government said on Wednesday.
Addressing
the 54th SKOCH Summit here, Union New and Renewable Energy Secretary
Anand Kumar said the government has also embarked on the development of
non-conventional renewable energy sources, while the first round of
auctions for floating solar projects had also successfully discovered
tariffs as low as Rs 3.22 per unit.
"The first bidding for hybrid
solar-cum-wind projects has been successfully held and a tariff of Rs
2.67 per unit has emerged as the lowest one," he said.
Kumar
also said that having made a global commitment that, 40 per cent of
India's electric capacity would come from non-fossil fuels by 2030, the
country is well on course to install 175 gigawat (GW) of renewable
capacity by 2022.
"We have already installed 73.35 GW, projects
worth 21.5 GW are under various stages of implementation and projects
amounting to another 25 GW are under various stages of bidding," he
added.
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