MNRE calls for 'Expression of Interest' for first offshore wind energy project of 1000 MW capacity

Capital Market 

As per the National Offshore Policy notified on October, 2015, (NIWE), is the nodal agency to carry out the necessary studies/surveys before final bidding and act as a single window for facilitating necessary clearances required for development of offshore wind project in

The first offshore LiDAR was installed in in for measurement of wind resource and NIWE is collecting wind speed data from November, 2017 onwards. Areas off the coasts of and are two identified areas for development of The second LiDAR would be installed off coast by September, 2018. In addition NIWE is planning to set up few more LiDARs for assessment of offshore wind resources.

Besides necessary Geo-Technical and Geo-Physical studies off the coast of and are underway.

At global level, it has been observed that, offshore while being better than onshore wind in terms of efficiency is also becoming competitive and comparable in terms of tariffs. With a in India, the EoI is expected to evince keen interest from leading players of offshore wind turbine manufacturers and developers. Indian industry can also participate along with suitable tie up with global players.

With the announcement of this first offshore project, the Government is attempting to develop this sector in and envisages to replicate similar success as on-shore sector. This would help the country towards attaining and achievement of Plan for Climate Change (NAPCC) targets.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 13 2018. 16:41 IST