- The bidding process entails a bid document fee of ₹20,000 ($240.86) and a bid processing fee of ₹1.5 million ($18,065)
- The last date of submission is May 6, 2024
The Solar Energy Corporation of India (SECI), representing the National Institute of Wind Energy (NIWE), recently announced a tender to develop 4 GW offshore wind power projects. This initiative will happen on build-own-operate (BOO) basis.
The last date of submission is May 6, 2024. The platform allows all domestic and international players to participate in India’s burgeoning offshore wind energy sector.
The projects, situated along the scenic Tamil Nadu coast, entail a comprehensive scope of work spanning surveys, design, construction, financing, operation, maintenance, and decommissioning.
The bidding process entails a bid document fee of ₹20,000 ($240.86) and a bid processing fee of ₹1.5 million ($18,065), alongside an earnest money deposit of ₹10 million (~$120,440.7).
Lease rights, governed by legal stipulations, grant exclusive access to designated offshore wind blocks upon payment of lease rentals. These rights encompass executing surveys and subsequent development activities following project agreements. After completing surveys and meeting preconditions, NIWE will draft concession agreements outlining project execution in compliance with Offshore Wind Energy Lease Rules, 2023.
The Ministry of New and Renewable Energy (MNRE) or NIWE are not obliged to procure power from these projects. Nevertheless, developers stand to benefit from provisions such as power evacuation infrastructure, transmission charge waivers, renewable energy credits, and carbon credit benefits, subject to governmental determinations.
The responsibility for developing power evacuation infrastructure lies with the developer, while the central transmission utility is responsible for the offshore pooling substation and associated infrastructure. Lease rights extend to cable routes beyond the seabed area, ensuring comprehensive control over transmission infrastructure.
Financial eligibility criteria require a robust net worth based on cumulative financial performance over the past three years. This criterion ensures that bidding entities and consortia can undertake project development and financing.
