Facts for Prelims (FFP)
Source: LM
Context: The Union Ministry of New and Renewable Energy (MNRE) has invited bids for surveying sites earmarked for offshore wind power projects in Tamil Nadu, India.
What are offshore wind power projects?
Offshore wind power projects involve generating electricity from wind turbines installed in bodies of water, typically oceans or seas. Offshore wind power offers the advantage of stronger and more consistent wind speeds compared to onshore locations, potentially leading to higher energy generation.
What is the Government Plan?
The government’s plan involves auctioning projects with a capacity of 4 GW (this year) and an additional 3 GW capacity in the subsequent financial year. The projects will be executed using two different models:
- one with government-backed viability gap funding
- other involving competitive bidding for site leasing and subsequent development without financial support
Status of Wind Power in India
