MNRE floats bid for leasing seabed for offshore wind energy projects along TN coast

The Ministry of New and Renewable Energy has floated its first-ever tender to lease seven seabed sites to develop offshore wind energy projects along the Tamil Nadu coast spread over 1,443 sq km with a total generation capacity of 7,215 MW in two phases. The auctioning of the bid for phase 1 comprising four seabed sites spread over 828 sq km with an offshore wind generation capacity of 4,140 MW would be conducted on February 1, 2024, while the second phase bidding would be during the next financial year for the rest of the three seabed sites. To make offshore wind projects attractive, MNRE offers various incentives to the developers or generators including waiver of the inter-state transmission system (ISTS) charges and additional surcharge if they commission the project on or before December 31, 2032. The developers would also get a concessional customs duty on the import of critical components for manufacturing offshore wind turbines.
Read more- https://www.dtnext.in/news/tamilnadu/mnre-floats-bid-for-leasing-seabed-for-offshore-wind-energy-projects-along-tn-coast-739061


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