Financial evaluation on quoted lease fee per sq km of sea bed area
The Ministry of New & Renewable Energy through its implementing agency will issue the first bid in the next three to four months for leasing out offshore wind energy blocks equivalent to 4 GW capacity off the coast of Tamil Nadu.
An 8 GW project will be bid out in the first two years beginning FY 22-23 as the Government works out plans for wind energy off the coast of Gujarat and Tamil Nadu.
Subsequently, a 5 GW project will be bid out every year for a period of five years till FY 29-30.
Bids equivalent to a 4 GW project per year will also be bid out for a period of three years starting with the current FY 22-23.
These were announced after Minister for Power and New & Renewable Energy R.K. Singh reviewed the potential of wind energy on 9 June 2022.
The Minister also worked out transmission planning for offshore wind energy projects with Alok Kumar, Secretary, Power, and Indu Shekhar Chaturvedi, Secretary, Ministry of New & Renewable Energy, during the meeting.
Transmission and evacuation infrastructure required for offshore wind projects of total capacity 10 GW off the coasts of Gujarat and Tamil Nadu, was discussed at the review meeting, said the Ministry of Power.
After a detailed review, it was decided to bid out offshore wind energy blocks as per the following trajectory: off the coast of Tamil Nadu and Gujarat for sale of power through open access, captive, bilateral third-party sale and merchant-sale.
The bidding for the first 12 GW will be conducted on a single stage two envelope model wherein the bidders will be evaluated based on their techno-commercial capabilities and only the technically qualified bidders will proceed to financial evaluation.
The financial evaluation will be based on quoted lease fee per sq km of sea bed area.
The bidder offering the highest lease fee per sq km of sea bed area would be declared as the winner for allocation of the project.
Evacuation and transmission of power from offshore pooling Substation (PSS) to onshore transmission will be provided free of cost for all offshore wind capacities that will be bid out up to FY 29-30. Fiinews.com
