The report titled “IN- CRUX – Renewable Energy” is a monthly magazine, which provides complete overview of the renewable energy sector. It gives the monthly updates on recent development in renewable energy segment. In this edition, we covered “Guidelines for Procurement of Wind Power through Bidding”. The objective of these Guidelines is to provide framework for procurement of wind power through transparent process of bidding including standardization of the process and defining of roles and responsibilities of various stakeholders. These Guidelines aim to enable the Distribution Licensees to procure wind power at competitive rates in a cost effective manner.
Presently, the wind power is being procured by the Distribution Utilities at Feed-in-Tariff (FiT) determined by the respective SERC. FiT coupled with various incentives being provided by the Central and State Government has enabled growth of the wind sector many folds since 2002. Country also has strong manufacturing base with annual capacity of around 10 GW. Introduction of competition in the sector is necessary to achieve cost reduction through increased efficiencies.
The Idea of this monthly report is to provide brief idea about the recent development in the renewable energy sector which includes the monthly regulatory updates, news, recent project updates and list of upcoming tenders.
