India will auction about 8GW of projects annually between now and 2030 in a bid to speed up its patchy onshore wind build-out and hit ambitious renewables targets.
The nation’s Ministry of New and Renewable Energy (MNRE) said the move, starting from this year, will be accompanied by a shift away from the reverse auctions that have driven down prices but also led to projects with unsustainably low bids winning auctions and concentrated the winners in a handful of locations with the best resources, delaying growth in the sector.
