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The Authorities of India, in its ongoing pursuit of renewable power sources, has revised its Nationwide Offshore Wind Power Coverage 2015. The coverage initially launched on October 6, 2015, goals to speed up the event of offshore wind energy inside India’s coastal boundaries, extending as much as 200 nautical miles from the baseline, encompassing the nation’s Unique Financial Zone (EEZ).
Beneath this visionary coverage, the Ministry of New & Renewable Power (MNRE) holds the pivotal function of the Nodal Ministry, overseeing the strategic implementation of offshore wind power initiatives. In the meantime, the Nationwide Institute of Wind Power (NIWE) serves because the Nodal Company entrusted with facilitating the event of Offshore Wind Power throughout the nation.
A key part of this coverage is “Mannequin B,” which outlines a course of by which the MNRE or the Nodal Company will allocate particular offshore wind power websites to potential Offshore Wind Energy Builders (OWPDs). These allocations come within the type of unique leases, granting OWPDs 5 years to conduct complete research and surveys, in addition to to begin the setup of offshore wind power initiatives. The lease interval is open to extension on a case-by-case foundation. OWPDs, in flip, bear the accountability for the offtake of energy generated from their offshore ventures.
The allocation of seabed areas is carried out by way of a aggressive bidding course of that includes a two-envelope system. This entails a technical bid assessing bidders’ techno-financial capabilities and a monetary bid figuring out lease leases and website allocation charges. A notable function is the minimal flooring value set at ₹1 Lakh per sq. kilometer per 12 months for the offshore websites in query.
OWPDs are mandated to submit Detailed Challenge Stories (DPRs) and enter into concession agreements with NIWE for undertaking growth and energy gross sales, catering to numerous regimes reminiscent of open entry, captive consumption, or third-party gross sales. NIWE assumes a crucial function in monitoring undertaking growth actions all through the lease interval.
Furthermore, the federal government retains the prerogative to ask bids for energy procurement for distribution corporations (DISCOMs) primarily based on tariff constructions, a transfer that would doubtlessly additional incentivize the offshore wind power sector.
As soon as a undertaking is commissioned, the lease is prolonged to cowl its operational life and eventual decommissioning. OWPDs are required to meet the quoted lease leases and website allocation charges from the lease settlement till the Industrial Operation Date (COD). Subsequently, they proceed to pay lease charges, with a flooring value mounted at ₹1 Lakh per sq. kilometer per 12 months for the rest of the operational interval from the date of commissioning.
The coverage thoughtfully accommodates contingencies, allowing builders to exit the undertaking growth part inside the preliminary five-year lease interval, topic to particular circumstances such because the submission of examine/survey knowledge to NIWE and the forfeiture of submitted Financial institution Ensures. Builders who meet the scheduled commissioning date might even be eligible for partial refunds of website allocation charges paid past the ground value.
This revised framework underlines India’s unwavering dedication to tapping into the immense potential of offshore wind power, aligning with the nation’s broader renewable power targets. The coverage invitations proposals from stakeholders desirous to take part on this transformative journey in the direction of a greener and sustainable power future.
Please learn the doc beneath for extra particulars.
