The Authorities of India has invited bids for the event of offshore wind of a complete capability of 4 GW off the coast of Tamil Nadu.
The bids invited are for 4 blocks of 1 GW every on an open entry foundation, for the event of offshore wind initiatives off the coast of Tamil Nadu, via worldwide aggressive bidding.
The builders who win the bid for every block will arrange 1 GW offshore wind capability and promote electrical energy on to customers below the open entry regime, based on India’s Ministry of New and Renewable Power (MNRE).
“No Viability Hole Funding (VGF) is given below the open entry bids, and the Renewable Power generated can be offered to entities similar to industries that are presently within the high-tariff band,” MNRE stated.
The bids have been invited via Photo voltaic Power Company of India (SECI), a government-owned firm below MNRE.
The date of the pre-bid assembly is 4 March whereas the final date of bid submission is 2 Might.
The bid announcement follows one other public discover printed by MNRE in September 2023 when the federal government introduced its plans to problem a name for seven areas off the Tamil Nadu area within the south of the nation, with the proposed zones protecting an space of 1,443 sq. kilometres, able to supporting greater than 7 GW of capability.
With 4 areas already introduced, the remaining three are deliberate to be placed on provide in 2025.
In the meantime, Union Finance Minister Nirmala Sitharaman introduced that the Authorities of India intends to supply Viability Hole Funding (VGF) for an preliminary 1 GW of offshore wind capability. The announcement was made as a part of the nation’s interim finances.
Nevertheless, no additional particulars had been offered about this scheme within the finances.
In August 2023, MNRE launched a brand new technique that particulars the areas to be awarded and likewise proposes public sale fashions to allocate websites for the event and development of offshore wind initiatives.
The zones and websites recognized by MNRE and the Nationwide Institute of Wind Power (NIWE) are estimated to have the potential to accommodate a complete of round 14 GW of put in offshore wind capability, with a additional 22 GW estimated to be out there to be tapped into via unsolicited lease requests.
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