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. In a statement released on Tuesday, MNRE said that it would continue to work towards “achieving an ambitious target of 100 gigawatts (GW) of solar capacity over the next five years.”
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.