NTPC Green Energy invites bids for Offshore Wind Power Projects in India
POWER & RENEWABLE ENERGY

NTPC Green Energy invites bids for Offshore Wind Power Projects in India

NTPC Green Energy (NGEL), a fully owned subsidiary of NTPC, is seeking expressions of interest from offshore wind power companies based in India or globally to form a consortium for the development of offshore wind power projects in India.

NGEL aims to collaborate with a partner company that possesses expertise and experience in offshore wind project development worldwide.

The consortium is expected to assist NGEL in the long term by developing in-house capabilities and finding solutions for the execution and maintenance of offshore wind projects.

By undertaking these projects, NTPC aims to achieve a renewable energy capacity target of 60 GW by 2032.

The deadline for bid submissions is August 14, 2023, and bids will be opened on August 16.

To qualify, bidders must have successfully commissioned a minimum of 200 MW of offshore wind power projects globally. They should also have experience in operating and managing a cumulative capacity of at least 500 MW of offshore wind turbines.

Bidders must have a minimum of three years of experience in owning, operating, and decommissioning offshore wind energy projects, as well as a minimum of five years of project management experience.

Additionally, the company should have conducted marine surveys for offshore wind development and commissioned offshore wind transmission systems for projects of at least 50 MW.

The company must have established policies regarding environment, health and safety, quality assurance, anti-bribery, anti-fraud, anti-slavery, and anti-collusion. They should not be involved in any major pending litigation or in violation of national security.

Bidders are required to have a net worth of at least Rs 12.5 billion ($151.74 million), and their annual turnover for the past three financial years should be a minimum of Rs 5 billion ($60.69 million).

They must also present a plan to meet the funding requirements for the projects and demonstrate their experience in raising between Rs 5 billion ($60.69 million) and Rs 10 billion ($121.39 million).

As part of the agreed capital contribution for project development, NGEL will provide milestone funding based on mutually agreed terms.

In June of the previous year, RK Singh, the Union Minister for Power and New and Renewable Energy, announced the issuance of bids for offshore wind energy blocks totalling 4 GW annually for three years. Starting from the financial year 2022-23, these bids will be released for projects in Tamil Nadu and Gujarat.

Following this announcement, in November 2022, the Ministry of New and Renewable Energy issued a draft tender to select wind power developers for leasing seabed areas to develop 4 GW of offshore wind power projects off the coast of Tamil Nadu.

In May 2023, the Ministry of Power expanded the scope of inter-state transmission charge waivers to include offshore wind projects, facilitating their implementation and expansion.

NTPC Green Energy (NGEL), a fully owned subsidiary of NTPC, is seeking expressions of interest from offshore wind power companies based in India or globally to form a consortium for the development of offshore wind power projects in India.NGEL aims to collaborate with a partner company that possesses expertise and experience in offshore wind project development worldwide.The consortium is expected to assist NGEL in the long term by developing in-house capabilities and finding solutions for the execution and maintenance of offshore wind projects.By undertaking these projects, NTPC aims to achieve a renewable energy capacity target of 60 GW by 2032.The deadline for bid submissions is August 14, 2023, and bids will be opened on August 16.To qualify, bidders must have successfully commissioned a minimum of 200 MW of offshore wind power projects globally. They should also have experience in operating and managing a cumulative capacity of at least 500 MW of offshore wind turbines.Bidders must have a minimum of three years of experience in owning, operating, and decommissioning offshore wind energy projects, as well as a minimum of five years of project management experience.Additionally, the company should have conducted marine surveys for offshore wind development and commissioned offshore wind transmission systems for projects of at least 50 MW.The company must have established policies regarding environment, health and safety, quality assurance, anti-bribery, anti-fraud, anti-slavery, and anti-collusion. They should not be involved in any major pending litigation or in violation of national security.Bidders are required to have a net worth of at least Rs 12.5 billion ($151.74 million), and their annual turnover for the past three financial years should be a minimum of Rs 5 billion ($60.69 million).They must also present a plan to meet the funding requirements for the projects and demonstrate their experience in raising between Rs 5 billion ($60.69 million) and Rs 10 billion ($121.39 million).As part of the agreed capital contribution for project development, NGEL will provide milestone funding based on mutually agreed terms.In June of the previous year, RK Singh, the Union Minister for Power and New and Renewable Energy, announced the issuance of bids for offshore wind energy blocks totalling 4 GW annually for three years. Starting from the financial year 2022-23, these bids will be released for projects in Tamil Nadu and Gujarat.Following this announcement, in November 2022, the Ministry of New and Renewable Energy issued a draft tender to select wind power developers for leasing seabed areas to develop 4 GW of offshore wind power projects off the coast of Tamil Nadu.In May 2023, the Ministry of Power expanded the scope of inter-state transmission charge waivers to include offshore wind projects, facilitating their implementation and expansion.

Next Story
Infrastructure Urban

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's  fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building  (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous  Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in  Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant  advancement in the company's commitment to engineered performance, manu..

Next Story
Infrastructure Urban

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Next Story
Infrastructure Urban

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App