Failure Of Hybrid Auction Needs Review of Renewable Energy Policy

Some of the Wind Industry experts of India have opined that unless Indian government not make any policy changes, it will not difficult to achieve ambitious target of installation of 175 gigawatt (GW) of renewable energy capacity by 2022.

Recently, Indian government bid for 1200 megawatt (MW) ‘hybrid' projects suffered a major setback as the bidders stayed away from the proceedings.

This is the second renewable auction to have failed in October 2018, forcing the state-run Solar Energy Corporation of India (SECI) to extend the deadline for the fifth time. The tender for hybrid projects, which encompasses both wind and solar units at the same site, has now been extended till 14 November 2018.