New Delhi: In a bid to fast-track wind energy projects, the Centre has made certain amendments to the bidding guidelines for such projects, according to an official statement. The amendments have been made based on the experience of bidding and consultation with various stakeholders, the Ministry of New and Renewable Energy said in a statement on Wednesday. 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 guidelines for tariff-based competitive bidding process for procurement of power from grid connected wind power projects was notified on December 8, 2017. Based on experience of bidding and after consultation with stakeholders, following amendment to these standard bidding guidelines for wind power projects is carried out,” it said. As per the statement, 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, the ministry said, will help wind power project developers in states where land acquisition takes longer time. “Also the window for revision of declared CUF (capital utilisation factor) of wind power project has been… Read full this story
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