Centre set to abolish reverse auction bidding in wind energy sector

"The lowest tariff, or L1, would be averaged for these states. The power from these projects will be bundled and sold by SECI," said a source

Five years after it was introduced, the Centre is set to abolish reverse auction bidding in the wind energy sector, citing that the industry has long demanded for such a move. Since 2017, the growth of wind energy in the country fell to nil compared to a double-digit growth every year during the last decade.

Indu Shekhar Chaturvedi, secretary, Ministry of New and Renewable Energy (MNRE), in a CII conference said it was considering changes in the bidding structure of the wind energy sector to enable greater capacity addition to accommodate a long-standing demand.

“The e-reverse auction arrangement has in