A 200 MW wind power auction in the Indian state of Gujarat has seen prices tumble . Wind prices fell to INR2.43 / kWh ( $ 38.88 / MWh ) by the time bidding closed on 21 December , undercutting even the lowest tariff of INR2.44 / kWh from earlier in the year . Actis - backed Spring Wind took the highest allocation with 197.5 MW , while Gujarat Wind secured 100 MW .
A 500 MW wind power auction in the Indian state of Gujarat has seen tariffs tumble. Wind prices fell to INR2.43/kWh ($38.88/MWh) by the time bidding closed on 21 December, undercutting even the lowest tariff of INR2.44/kWh from earlier in the year. Actis-backed Spring Energy took the highest allocation with 197.5 MW, while Verdant Energy secured 100 MW.