The Indian government will conduct a new wind power auction with a total capacity of 2,000 MW under the framework of the third phase of the Inter-State Transmission System (ISTS). Interested bidders can bid for a capacity between 50 MW and 400 MW. The selected projects are expected to be commissioned by the end of 2019.
Besides, the state-run Solar Energy Corporation of India (SECI) has signed Power Sale Agreements (PSA) for the purchase of wind power under the second wind auction with state utilities of Uttar Pradesh, Bihar, Jharkhand, Assam, Punjab, Goa and Odisha.
Indian wind power tariffs are constantly decreasing in India and the second wind auction awarded 1,000 MW of wind power projects with prices dropping down to Rs2.64/kWh (US$4c/kWh).
To reach the 100 GW solar power target by 2022, the Indian government plans to lay out bids for 20 GW of ground-mounted solar projects in the current financial year (ending in March 2018). So far, 3.6 GW have already been bid out; 3 GW will be bid out in December 2017, followed by 3 GW in January 2018, 5 GW in February 2018 and 6 GW in March 2018. The government also plans to tender 30 GW in 2018-2019 and 30 GW in 2019-2020.