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NTPC Green Energy Limited (NGEL), the green subsidiary of NTPC Group, has announced its intention to enter the offshore wind sector in India. With no existing players in the country’s offshore wind market, NGEL has issued a global tender inviting Indian and foreign firms to form a consortium and collaborate on offshore wind projects.
The Bid Submission End Date is 14.08.2023 and Bid Opening Date is 16.08.2023
The Ministry of New and Renewable Energy (MNRE) has already identified coastal regions in Gujarat and Tamil Nadu for potential offshore wind energy projects, totaling 37 GW. NGEL aims to act as the lead member in these projects and utilize the expertise of its consortium partner to undertake large-scale offshore wind initiatives.
NGEL will contribute capital from project inception to decommissioning based on agreed milestones, encouraging potential partners to form a Joint Venture (JV) for project implementation. The company’s entry into the offshore wind segment is expected to be India’s first and will involve state-of-the-art technologies. To be eligible for the tender, participants must have commissioned a minimum of 1200 MW of offshore wind energy capacities globally, possess an environmental policy specific to offshore wind project infrastructure, and have a health and safety policy in place, among other requirements.
NGEL’s move into offshore wind projects aligns with NTPC’s goal of achieving 60 GW of renewable energy capacity by 2030. By venturing into this untapped sector, NGEL aims to contribute to India’s clean energy growth and expand its renewable energy portfolio. The collaboration with consortium partners possessing offshore wind expertise will play a pivotal role in the successful implementation of these offshore wind projects.
View the tender document here: