Government raises maximum price for wind energy
The government has raised the maximum price it will guarantee wind farm developers for the electricity they generate. This policy change is aimed at encouraging more investment in wind power projects, which are crucial for the country's transition to renewable energy sources. The new maximum price, which represents the highest rate the government will pay per unit of wind-generated electricity, is a significant increase from the previous cap. This move is expected to provide greater financial certainty for wind farm developers, making it more attractive for them to invest in new projects. The decision comes as the government seeks to accelerate the shift towards renewable energy, with wind power playing a key role in this strategy. By offering a higher guaranteed price, the government hopes to spur the growth of the wind energy sector and help the country meet its ambitious clean energy targets.
Source: For the complete article, please visit the original source link below.
