Government plans to 'float' offshore oil blocks-cum-wind farms

The ministry of new and renewable energy (MNRE) is in discussions with the ministry of petroleum and natural gas (MoPNG) to combine the exploration of offshore hydrocarbon blocks with offshore wind farms for better synergies, according to two government officials aware of the plan...

During a side-event of the third Energy Transitions Working Group of the G-20 presidency of India in Mumbai on May 16, MNRE joint secretary Dinesh Jagdale said the country's first offshore wind seabed lease tender is expected to be floated within the next 4-6 weeks...

Despite being blessed with 7,600 km of coastal length-Gujarat has the longest coastal length of 1,600 km while Tamil Nadu has 1,076 km-India has been slow in developing offshore wind projects...

Both Tamil Nadu and Gujarat governments have shown interest in purchasing offshore wind power at a competitive tariff rate of Rs 4 per unit for the initial projects...

To support the growth of offshore wind energy, the government is also mulling the idea of providing financial assistance through viability gap funding (VGF) to make projects more attractive for developers..

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