India Invites Bids for Allocating 7GW of Offshore Wind Capacity

India is seeking bids from developers for offshore wind sites off the coast of Tamil Nadu. The Ministry of New and Renewable Energy has announced that seven sites covering over 550 square miles are available, with a potential power generation of up to 7.2 GW of wind energy. India has identified eight zones off the coast of Gujarat and Tamil Nadu for offshore wind development, with plans to auction approximately 37 GW of offshore wind capacity by 2030. The government has also published a strategy proposing three models for offshore wind energy projects. Bids for the sites will be accepted in a two-envelope process, with the first envelope containing the techno-commercial bid and the second envelope containing the financial bid for the site lease. The lease will initially be for five years, with the option for extension on a case-by-case basis. The first allocation for half of the sites is expected by February 2024.

India is opening up opportunities for offshore wind development off the coast of Tamil Nadu, inviting developers to bid for seven sites covering over 550 square miles. The estimated potential power generation from these sites is up to 7.2 GW of wind energy. This move is part of India’s plan to auction approximately 37 GW of offshore wind capacity by 2030. The government has also released a strategy proposing three models for offshore wind energy projects. Bids for the sites will be accepted through a two-envelope process, with the first envelope containing the techno-commercial bid and the second envelope containing the financial bid for the site lease. The lease will initially be for five years, with the possibility of extension on a case-by-case basis. The first allocation for half of the sites is expected by February 2024.

India’s Ministry of New and Renewable Energy (MNRE) has announced a tender for the allocation of offshore wind sites off the coast of Tamil Nadu. The tender covers seven sites spanning more than 550 square miles, with a potential power generation of up to 7.2 GW of wind energy. This is part of India’s plan to auction approximately 37 GW of offshore wind capacity by 2030. The government has also published a strategy proposing three models for offshore wind energy projects. Bids for the sites will be accepted through a two-envelope process, with the first envelope containing the techno-commercial bid and the second envelope containing the financial bid for the site lease. The initial lease will be for five years, with the option for extension on a case-by-case basis. The first allocation for half of the sites is expected by February 2024.

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