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Tepid response from Wind Developers in recent Wind auctions

1200 MW Wind tenders floated by NTPC has drawn very less interest from developers. Though government has revised up ceiling tariff to Rs. 2.93 per unit from 2.85 Rs per unit, yet developers are reluctant to participate in the tenders. A major common woes of developers are land acquisition, regulatory approvals and cost of debt. Investors perception for the wind market in India is risky to invest. Recent act by Andhra Pradesh government to revisit signed PPA has also dwindled faith of investor in India's renewable segment. To regain investor faith government must instill single window clearance mechanism and ease way to regulatory approvals else it would be a setback to government's ambitious plan of adding 60 GWp of Wind by 2020.