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Transactions - APRIL 11, 2018

India invites interest for 1GW site

by Andrea Zander

India has invited expression of interest (EoI) for the country’s first offshore wind energy project.

The EoI request has been launched by the National Institute of Wind Energy (NIWE), a research and development institution under the Ministry of New and Renewable Energy (MNRE).

The 1-gigawatt offshore wind project will be located in the Gulf of Khambat, off the coast of Gujarat.

MNRE plans to install at least 5 gigawatts of offshore wind capacity by 2022.

The winner will be selected through competitive bidding among shortlisted parties. It will enter into a 25-year power purchase agreement with a designated government agency.

Responses are due on May 25, with the opening set for May 28.

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