E-MAIL FOR SPONSORSHIP

Daily News Wrap-Up: Ministry Notifies Rules for Leasing Offshore Wind Sites

China’s solar module production costs plunge 42% in 2023

December 22, 2023

thumbnail

Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights


Leased areas for offshore wind energy projects will be valid for an initial three-year period for conducting resource measurements and surveys, according to the Offshore Wind Energy Lease Rules, 2023, issued by the Ministry of External Affairs. The lease period can be extended by an additional two years. All clearances will be revoked after the five-year lease period expires. The lessee must submit study or survey data to the National Institute of Wind Energy unless it has commenced setting up wind energy capacity as per the lease terms.

Continue Reading with Premium Access

Get unlimited access to in-depth analysis, exclusive interviews, and comprehensive coverage of India's renewable energy sector.

Unlimited article access
Exclusive market insights
Premium research reports
Ad-free reading experience
Loading subscription plans...

Comments

RELATED POSTS

Get the most relevant India solar and clean energy news.

RECENT POSTS