The Government of India is inviting bids for the development of offshore wind energy of a total capacity of 4GW.
The offers invited are for four blocks of 1GW each on open access basis, for development of offshore wind power projects off the coast of Tamil Nadu, through international competitive bidding.
Under this arrangement, the developers who win the bid for each block will set up 1GW offshore wind energy capacity and sell electricity directly to consumers under the open access regime.
No Viability Gap Funding is given under the open access bids, and the renewable energy generated will be sold to entities such as industries which are currently in the high-tariff band.
The off-shore wind energy bids have been invited through Solar Energy Corporation of India, a Government of India undertaking under the administrative control of the Ministry of New and Renewable Energy.
The bids are being called after obtaining all necessary environmental clearances.