Wind power prices crashes

Wind power prices crashed to Rs. 2.43 a kWhr at a tariff-based capacity auction of Gujarat’s utility, Gujarat Urja Vikas Nigam Ltd (GUVNL). GUVNL said Sprng Energy Pvt Ltd quoted the price, bidding for 197.5 MW of the 500-MW auctioned.

Tariff based auction of capacity, common in the solar segment, is fairly new for the wind industry. Those who quote the least prices will get to sign power purchase agreements, whereupon they will put up the wind power plants and sell the power at the agreed price.