Wind power tariff drops to a record low of Rs 3.46 per unit

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The source added that the aggressive bidding, which started yesterday, went on till around 0200 hrs today despite an advisory issued by industry body to avoid bold bids.

The Indian Wind Turbine Manufacturers Association had reportedly issued an advisory to some players before the auction started in view of uncertainties due to GST implementation.

“After solar cost reduction below Rs 3/unit, wind power cost down to Rs 3.46/ unit through transparent auction. A green future awaits India,” Power, Coal, New and Renewable Energy Minister Piyush Goyal said in a tweet.

The power from these 1,000 MW capacity will be supplied to states which do not have adequate wind resources.

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