Daily News Wrap-Up: New Bidding Guidelines for Wind-Solar Hybrid Projects
Uniform land acquisition policy key to meet clean energy goals
August 23, 2023
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After wind and solar, the Ministry of Power has now introduced new guidelines for tariff-based competitive bidding for grid-connected wind-solar hybrid power projects, aiming for transparency, fair procurement, and competitive prices. The revised guidelines encompass revised bid capacity limits, altered timelines, regulations on power procurement, and penalties for delays. These changes aim to stabilize and mitigate risks within the renewable energy sector by establishing a structured framework for long-term hybrid power transactions.