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
Building Material

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Next Story
Building Material

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Next Story
Building Material

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App