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Centre sets the ball rolling for offshore wind projects
Mint Mumbai
|August 19, 2023
Government plans to bid out projects of 4GW capacity on 1 December, 3GW more in FY25
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The Union ministry of new and renewable energy has sought bids to survey sites identified for offshore wind power projects in Tamil Nadu.
A notification released by the ministry showed that the government plans to bid out projects of 4GW capacity on 1December. Further, in the next financial year, it plans to bid out projects with a total capacity of 3GW.
The government will bid out sites for offshore wind power projects through two models. In one model, the government will provide viability gap funding, and in the other, identified offshore wind sites will be leased out under competitive bidding for carrying out studies and surveys and subsequent project development without any central financial assistance.
The bids for the study of the sites have been called for the second model where financial support is not available.
This story is from the August 19, 2023 edition of Mint Mumbai.
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