Ceiling tariffs for renewable auctions will continue , the Indian government has protested , despite protests from developers who have argued the caps are too low . Recent auctions for renewable projects held by the Ministry of New and Renewable energy ( MNRE ) have included the ceiling tariffs , with bids for the caps not being considered . The ceilings are restricting participation in the auctions , hampering the growth of renewable energy in India , developers argue . Renewable energy minister , Anand Kumar , has defended the tariffs , but says he is prepared to negotiate a “ viable ” rate .
Ceiling tariffs for renewable auctions will continue, the Indian government has said, despite protests from developers who have argued the caps are too low. Recent auctions for renewable projects held by the Ministry of New and Renewable Energy (MNRE) have included the ceiling tariffs, with bids exceeding the caps not being considered. The ceilings are restricting participation in the auctions, hampering the growth of renewable energy in India, developers argue. Renewable energy secretary, Anand Kumar, has defended the tariffs, but said he is prepared to negotiate a “viable” rate.