In the latest wind auction conducted by the Solar Energy Corporation of India, the nodal agency of the Ministry of New and Renewable Energy, only two developers took part.
The state regulator’s approval for adoption of tariff is required within two months after signing the power purchase agreement (PPA) or the power sale agreement (PSA), whichever is first.
The state's new chief minister YS Jaganmohan Reddy has been attempting to renegotiate wind and solar tariffs because he believes they were signed at rates higher than in other states.
Andhra Pradesh has been trying to renegotiate wind and solar power purchase agreements because the state’s new chief minister feels they were signed at rates higher than those offered to other states.
ReNew protests against 300MW of its wind projects being suddenly denied connectivity by APTRANSCO
The decision comes on the heels of CM YS Jagan choosing to renegotiate PPAs after coming to power
The second edition of RE-INVEST was postponed five times because of global stakeholder disinterest, according industry insiders.
Auction fails to attract bidders; ceiling tariff increased to Rs 2.68 per unit from Rs 2.65.
Andhra Pradesh has a commissioned capacity of 7,257 MW of renewable energy, with solar at 3,279 MW and wind at 3,978 MW, according to Bridge To India, a consultancy firm.
SECI is the ministry of new and renewable energy's arm through which it holds wind and solar auctions.
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