Saturday, February 4 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Jan 30
Week of Jan 23
Week of Jan 16
Week of Jan 09
Week of Jan 02
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    India releases draft document for 4 GW of offshore wind leasing

    November 16, 2022 - SeeNews Renewables


      November 16 (Renewables Now) - India’s Ministry of New and Renewable Energy on Monday released a draft tender document for 4 GW of offshore wind leasing off the coast of the southern state of Tamil Nadu.

      The Indian government signaled plans for an inaugural 4-GW offshore wind tender in June.

      The draft proposes to lease out seabed areas for 4 GW equivalent offshore wind project capacity across five sub-blocks off the coast of Tamil Nadu in the Gulf of Mannar during the 2022/23 financial year, which runs through March 2023. The leasing will be through international competitive bidding in the form of a single-stage, two-envelope bidding procedure.

      The potential of the sub-blocks is estimated at between 3.9 GW, which is their collective tentative minimum potential, and 5.2 GW.

      The document says that bidders will be able to take advantage of any fiscal incentives like accelerated depreciation, concessional customs and excise duties, tax holidays that may be available for onshore wind projects in India. The bidding itself is not related to any fiscal incentives. The power generated could be used for captive consumption under open access mechanism, sold through a bilateral power purchase agreement or sold through power exchanges without financial support from the government.

      Comments on the document are due by November 28.

      Through the leasing auction, the government wants to introduce new green energy generation sources to contribute to the country’s net zero by 2070 target, develop offshore wind expertise, create international collaborations needed for the delivery of power projects, and foster economic and employment opportunities.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.