It blamed high tariff rates.
High tariff rates continue to plague India and has caused the state of Gujarat to scrap its renewable energy capacity allocation.
The state-owned power distribution utility Gujarat Urja Vikas Nigam Limited (GUVNL) will just allocate just 190MW of the 745MW of wind energy capacity proposed in May.
According to CleanTechnica, GUVNL decided to allocate a limited capacity after most developers refused to match the lowest tariff bid.
It had offered a total capacity of 1GW of wind energy through the second such tender, but developers only subscribed for 931.40MW. Due to the undersubscription, GUVNL finally offered just 745MW of capacity.
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