Resource detail
Title: Govt removes tariff caps for solar, wind power auctions
Source:Financial Express
Date:7 March 2020
Responding to the longstanding industry demand of removing tariff caps in renewable energy auctions, the MNRE (ministry of new and renewable energy) has decided that “cap or upper ceiling tariff will not be prescribed in future bids”. The tariff cap was one of the reasons cited by the industry, which slowed down the pace of adding renewable generation capacities to 8.6 GW in FY 19 from 11.3 GW and 11.8 GW in FY17 and FY18, respectively. The other reasons were devaluation of the rupee, rising finance costs.
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