With first allocation round for offshore wind announced, India enters the offshore wind stage
The Indian Ministry of New and Renewable Energy has issued a public notice for the tender for allocation of offshore wind development areas, off the coast of the Tamil Nadu region in the south of the country. The notice outlines four areas (2,3,4 and 7) set to be opened for bids early next year, offering a total of 4140 MW to developers, and an additional three sites to be put on offer in 2025. The winners of the allocation rounds will be granted site exclusivity for five years, with the option of an additional year. The developers will have to conduct site surveys, build, and commission the projects within the five-to-six-year timeframe, setting up an aggressive timeline for the developers with a COD in 2030 for the first projects.
Image credit: TotalEnergies
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