In a move to incentivize wind energy projects, the Ministry of New and Renewable Energy (MNRE) has made certain amendments to the bidding guidelines for such projects. This includes measures to overcome hurdles like delays in acquisition of land by wind power project developers. The amendments have been made based on the experience of bidding and consultation with various stakeholders. The development assumes significance as the government has set an ambitious target of having 175 GW of clean energy capacity by 2022, including 100 GW solar and 60 GW of wind energy.
The ministry said now the timeline for land acquisition for wind power projects has been extended from seven months to scheduled commissioning date i.e. 18 months. This will help wind power project developers in states where land acquisition takes longer time. Moreover, it mentioned that the window for revision of declared CUF (capital utilisation factor) of wind power project has been increased to three years. The declared CUF is now allowed to revise once within three year of commercial operation date, which was earlier allowed within one year only.
It said that the penalty on shortfall in energy corresponding to the minimum CUF has now been fixed at 50 per cent of the PPA tariff for the shortfall in energy terms liable to be paid by the wind power generator to the procurer. Further, the penalty shall be passed on by the intermediary procurer to the end procurer after deducting the losses of intermediary procurer. In cases of early part commissioning, the procurer may purchase the generation, at full PPA tariff.
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