EnergyWatch

Indian state to force wind farms to lower price

Karnataka intends to defy the Indian government's plea, and pressure wind projects to trim 17 percent from their prices if they want to sell their electricity. Major setback, according to Siemens Gamesa.

India's wind market is currently in a state of crisis and has now taken yet another blow.

The energy regulator in the state of Karnatuka (KERC) decided last month to lower its tariffs for wind turbine projects by 17 percent to INR 3.74/kWh (approximately EUR 5 cents/kWh). The tariff reduction not only applies to future projects but will retroactively affect all wind farms which became operational before March 31 this year. If these farms reject the lower tariff, the state will not acknowledge the power purchasing agreements that have been entered with the developers, reports Financial Express.

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