Meanwhile, Union Finance Minister Nirmala Sitharaman announced that the Government of India intends to provide Viability Gap Funding (VGF) for an initial 1 GW of offshore wind capacity. The announcement was made as part of the country’s interim budget.
However, no further details were provided about this scheme in the budget.
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In August 2023, MNRE released a new strategy that details the areas to be awarded and also proposes auction models to allocate sites for the development and construction of offshore wind projects.
The zones and sites identified by MNRE and the National Institute of Wind Energy (NIWE) are estimated to have the potential to house a total of around 14 GW of installed offshore wind capacity, with a further 22 GW estimated to be available to be tapped into through unsolicited lease requests.
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13 days ago
about 2 years ago
The Government of India has invited bids for the development of offshore wind with a total capacity of 4 GW off the coast of Tamil Nadu. The bids invited are for four blocks of 1 GW each on an open access basis, for the development of offshore wind projects off the coast of Tamil Nadu, […]
