Draft Offshore Wind Energy Lease Rules, 2019
The Ministry of New and Renewable Energy has notified National Offshore Wind Energy Policy in October, 2015 for development of offshore wind energy projects for production of electrical power within the Exclusive Economic Zone (EEZ) of the country. The Policy provides only a basic framework for development of offshore wind energy in the country. As per the policy the offshore wind energy blocks are to be allocated to successful bidders through international competing bidding only and the lease fees are to be collected by the designated nodal agency i.e. National Institute of Wind Energy (NIWE), Chennai. In order to regulate the leasing mechanism of offshore wind energy blocks, Lease Rules are required to be framed under the ‘Territorial Waters, Continental Shelf, Exclusive Economic Zones and Other Maritime Zones Act, 1976’. Draft Offshore Wind Energy Lease Rules framed by this Ministry for comments/suggestions/views from various stakeholders.