SECI issues tender for setting up 4,000 MW offshore wind projects

The Solar Energy Corporation of India (SECI) has issued a request for proposals for the establishment of cumulative 4,000 MW off-shore wind energy. To be located off the coast of Tamil Nadu, through an international competitive bidding process, the bids are issued for four blocks, each with a capacity of 1,000 MW, on the basis of open access. In this arrangement, the developers who successfully secure the bid for each block will establish a 1,000 MW offshore wind energy capacity. They will then directly sell electricity to consumers through the open access regime. The open access bids do not include any viability gap funding, and the clean energy produced will be sold to organisations like industries that are currently in the high-tariff band.