The Indian Government Invites Bids for Large Offshore Wind Projects
The Indian Government Invites Bids for Large Offshore Wind Projects
The Indian government has invited bids for the development of offshore wind energy with a total capacity of 4 GW. This comes after Union Finance Minister Nirmala Sitharaman announced in her Budget speech on February 1 that the government has decided to offer viability gap funding (VGF) for offshore wind projects up to 1 GW.
The offshore wind energy bids have been invited through Solar Energy Corporation of India (SECI), a Government of India undertaking under the administrative control of the Ministry of New and Renewable Energy (MNRE). The bids are being called after obtaining all necessary environmental clearances. SECI has already issued a notice inviting tender.
The bids invited are for four blocks of 1 GW each on an open access basis, for the development of offshore wind power projects off the coast of Tamil Nadu, through international competitive bidding. Senior MNRE officials said that given that studies on offshore wind projects will take a maximum of five years, an operational project is likely to come up only by 2030 or later.
Reference: moneycontrol
