MNRE Removed Tariff Caps for Solar, Wind Power Auctions

Published on March 08, 2020
Current context: The Ministry of New and Renewable energy (MNRE) has decided to remove the tariff caps for solar, wind power auctions.
MNRE Removed Tariff Caps for Solar, Wind Power Auctions
  • The removal of tariff caps was the longstanding industry demand of the industry, as it slowed down the pace of adding renewable generation capacities.
  • The renewable energy generation was slowed to 8.6 Giga-watt (GW) in FY 19 from 11.3 GW and 11.8 GW in FY17 and FY18, respectively.
  • The MNRE has decided to remove the cap to boost investment in solar and wind power projects.
  • The ministry has issued a directive to Solar Energy Corporation of India (SECI), NTPC, state government departments and others administering the renewable energy auctions.
  • Earlier, they had a capped tariff rate, beyond which companies cannot quote while bidding for solar and wind power projects.
  • The tariff cap for renewable energy auctions was earlier set at 2.65/unit and was gradually raised to 2.93/unit.
  • As on 31st January 2020, the installed renewable energy capacity was 86.32 GW.

Question: 

Q.1 The Ministry of _________________, has decided to remove the tariff caps for solar, wind power auctions?
a. Corporate Affairs
b. New and Renewable Energy
c. Power
d. Jal Shakti

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