New investors will not benefit from FiT anymore.
The State Regulatory Commission of Karnataka, India has indicated to the State Energy Department that the territory now has a surplus of electricity and has fulfilled its renewable purchase obligations for the next two years, according to Enerdata.
It also indicated that any additional wind power capacity procurement could affect its contractual obligations with conventional power plants.
Here's more from Enerdata:
In this regard, Karnataka's future procurements of wind power will be made from now on through federal wind power tenders instead of a feed-in-tariff (FiT), which has been existing in the State for about two decades. New investors in the State will have to participate in federal auctions or use a private sales contract but will not benefit from FiT anymore.
Karnataka's wind power capacity is now reaching 3,798 MW, including 2,877 MW of capacity contracted to the state utilities under FiT rates.
This story was originally published by Enerdata.
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