The prices of wind power are expected to increase in the backdrop of more projects from the Centre and the State governments. The industry expects investments of around Rs 600 billion each year over the next two years.
Prices started increasing since last month as Adani Green Energy and KCT Renewable Energy had offered to supply electricity at Rs 2.85 per unit in their bids for 75-megawatt (Mw) projects each. The tariff may cross Rs 3-3.5 per unit in the near future.
Industry experts said wind power tariffs fell below Rs 2.50 per kilowatt hour (kWh), with the lowest at Rs 2.43