The Ministry of New and Renewable Energy (MNRE) has announced new guidelines for the Viability Gap Funding (VGF) scheme, aimed at promoting offshore wind energy projects. This initiative aligns with the National Offshore Wind Energy Policy of 2015 and is a key part of India's push towards renewable energy.
Key Features of the VGF Scheme
The scheme focuses on setting up 1000 MW of offshore wind energy capacity along the coasts of Gujarat and Tamil Nadu, with each state contributing 500 MW. The total financial outlay for this initiative is ₹6,853 crore, with funding available until FY 2031-32. Additionally, two ports will undergo ₹600 crore worth of upgrades to support the logistical requirements of these offshore projects.
The scheme is being implemented by the MNRE, with Solar Energy Corporation of India Limited (SECI) as the implementing agency. The National Institute of Wind Energy (NIWE) will provide technical support, ensuring smooth installation and commissioning of these projects.
Competitive Bidding Process
A key feature of the VGF scheme is its competitive selection process, where developers will be chosen through international competitive bidding managed by SECI. The guidelines also include a Greenshoe option, which allows for an additional 50 MW allotment beyond the planned 500 MW for each state.
Offshore Wind Energy in India
India’s 7,600 km coastline and extensive Exclusive Economic Zones (EEZ) offer significant potential for offshore wind energy. Offshore wind projects are crucial for meeting India's ambitious goal of 500 GW of renewable energy capacity by 2030. These projects also help mitigate land availability issues often faced by onshore wind farms.
Challenges in Offshore Wind Energy
Despite its potential, offshore wind energy faces several challenges. Offshore turbines require stronger structures and foundations due to harsher environmental conditions, which raises the cost per MW. Furthermore, these projects face corrosion issues and concerns about their impact on marine biodiversity.
Conclusion
The VGF scheme for offshore wind energy is a significant step in India's renewable energy journey. By utilizing its coastal potential and addressing key challenges, this initiative could help India become a leader in offshore wind energy, contributing to its broader clean energy goals.
Kommentare