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In a big transfer towards harnessing renewable power, India’s Ministry of New & Renewable Vitality has revealed its intention to public sale offshore wind websites off the coast of Tamil Nadu. The challenge is ready to be administered by the Nationwide Institute of Wind Vitality (NIWE) and goals to spice up offshore wind power improvement within the area.
As a part of the initiative, NIWE will facilitate the required Stage-I and Stage-II clearances following the Nationwide Offshore Wind Vitality Coverage of 2015. Moreover, the grid evacuation infrastructure, extending as much as the offshore substation, might be supplied as a part of the Interstate Transmission System (ISTS) community by the Central Transmission Utility (CTU) and Energy Grid Company of India Ltd. (PGCIL).
One of many key incentives for offshore wind energy initiatives is that these commissioned on or earlier than December 31, 2032, might be eligible for a waiver of ISTS costs and Further Surcharge. Moreover, the federal government is proposing concessional customized duties on the import of vital elements for offshore wind turbine manufacturing, much like the advantages at the moment out there for onshore wind generators. Renewable Vitality Credit with Multipliers and Carbon Credit score advantages are additionally within the pipeline for offshore wind initiatives.
Key Options of the Proposed Bidding Course of
The allocation of offshore wind websites will comply with a single-stage, two-envelope bidding course of. Within the first envelope, bidders will submit their techno-commercial bids, whereas the second envelope will comprise the monetary bids. Bidders might be required to cite a web site lease rental with a minimal flooring worth of ₹1 Lakh/sq km/12 months.
Initially, the seabed space might be leased to the developer for 5 years, with the potential for a one-year extension on a case-by-case foundation. Builders should fee their offshore wind power initiatives, together with conducting the mandatory research and surveys, inside this timeframe.
Builders could exit the challenge throughout the lease interval, topic to situations such because the submission of research/survey knowledge to NIWE and forfeiture of the submitted Financial institution Assure, which might be USD 1 million for every web site.
NIWE will intently monitor the progress of challenge improvement throughout the preliminary lease interval. The positioning allocation payment paid by the developer, above the ground worth, might be partially refunded if the challenge is commissioned throughout the scheduled timeframe. Following commissioning, the lease might be prolonged for the operational lifetime of the challenge, together with the decommissioning interval.
All through the operational section, the challenge developer might be answerable for paying the seabed lease flooring worth on the price of ₹1 Lakh/sq km/12 months (lease leases).
To encourage participation within the bidding course of, builders are inspired to conduct their very own required research and surveys on the designated websites after notifying NIWE. NIWE will lengthen full help to facilitate these research and survey actions consistent with the Tips for Wind Energy Evaluation, Research, and Surveys.
This initiative marks a big step ahead in India’s dedication to increasing its renewable power portfolio, fostering sustainability, and assembly its clear power objectives. With a well-structured bidding course of and incentives in place, the long run appears promising for the expansion of offshore wind power in Tamil Nadu and past.
The recognized websites for bidding are detailed on the accompanying map, please view the doc under.
