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Auction for wind power on the anvil, says Piyush Goyal

After tasting success in solar energy auctions which helped bring down tariffs, the government is looking to soon start bidding for the wind power sector, power minister Piyush Goyal said on Wednesday.“Solar power auctions have benefited immensely. It’s (wind power auctions) on the way, its on the anvil. In fact I have just come from a meeting where I was telling my officers to speed that up,” he said.

wind is suddenly started facing the wind of solar and their pricing is becoming unviable so now they are coming back to me and are ready and willing to go for the auctions,” Goyal, who also holds the charge of power, coal and mines ministries, said. On high prices in the coal auctions impacting firms, he said, “I did not set the auction price. It was a free and frank and transparent and open auction.

On increasing share of renewable energy in India’s energy mix, the minister said government has set a target achieving 40% of installed capacity through renewables and reduce the carbon intensity of the GDP by 30-35% by 2030.Energy requirements of the growing economy would triple by 2030 and hence making the role of research, innovation and development key in addressing issues in a holistic manner, he stressed.