offshore-wind

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US to Auction Areas in Central Atlantic Region for Offshore Wind Energy

The U.S. has announced plans for an offshore wind energy lease sale in the Central Atlantic region in a push for clean energy development along America’s coasts....

July 3, 2024

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Arshreet Singh

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Tenders & Auctions

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Wind
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Cabinet Approves ₹74 Billion VGF Program for Offshore Wind Projects

The Union Cabinet has approved a Viability Gap Funding (VGF) program with a total outlay of ₹74.53 billion (~$893.34 million) for offshore wind energy projects. The...

June 20, 2024

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Arjun Joshi

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Finance and M&A

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Wind
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Global Offshore Wind Capacity Rises by 10.8 GW in 2023, Up 24%: GWEC

Global offshore wind saw its second-highest capacity installations in 2023, according to a new report by the Global Wind Energy Council (GWEC). The industry added 10.8...

June 18, 2024

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Arshreet Singh

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Wind
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Ventyr Wins Norway’s 1.5 GW Offshore Wind Auction at $0.11/kWh

Norway-based wind project developer Ventyr has won the country’s first offshore wind auction to develop the 1.5 GW Sørlige Nordsjø II in the Southern Norwegian...

March 21, 2024

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Arjun Joshi

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Tenders & Auctions

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Wind
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Ministry Asks States to Submit Green Energy Open Access Rules Compliance Status

The Ministry of Power has instructed state electricity regulatory commissions (SERCs) to comply with the Electricity (Promoting Renewable Energy Through Green Energy...

February 20, 2024

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Arjun Joshi

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Markets & Policy

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Open Access

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Renewable Energy
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SECI Invites Bids for Site Lease Rights for 4 GW Offshore Wind Projects in Tamil Nadu

The Solar Energy Corporation of India (SECI), on behalf of the National Institute of Wind Energy (NIWE), has invited bids for the allocation of sea-bed lease rights for...

February 5, 2024

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Gautamee Hazarika

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Tenders & Auctions

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Wind
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Budget 2024 Highlights: Free Electricity Via Rooftop Solar, VGF for Offshore Wind

Union Finance Minister Nirmala Sitharaman unveiled key measures during the presentation of the 2024 interim budget, signaling a significant push towards sustainable...

February 1, 2024

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Arjun Joshi

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Other

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Renewable Energy
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NHPC Issues Empanelment Tender for Offshore Wind Projects

NHPC has invited expressions of interest (EOI) from India-based and global companies to empanel for developing offshore wind power projects in India. The empanelment...

January 15, 2024

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Arjun Joshi

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Wind
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Top Developments that Influenced Wind and Hybrid Power Market in 2023

After the Wind Energy Purchase Obligation in the Renewable Purchase Obligation rules was introduced, wind installations saw a surge in 2023, adding 2.56 GW of new...

January 2, 2024

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Satish Shetty

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Mercom Research Focus

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Other

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Renewable Energy
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Ministry of External Affairs Notifies Rules for Leasing Offshore Wind Energy Sites

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...

December 21, 2023

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Arjun Joshi

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Markets & Policy

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Wind
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UK Increases Offshore Wind Bid Price by 66% and Solar by 30%

The UK government has announced an increase in the maximum price for offshore wind projects to ensure the effectiveness of the Contracts for Difference (CfD) program....

November 16, 2023

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Arjun Joshi

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Markets & Policy

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Wind
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NIWE Floats Tender for Offshore Wind Site Investigations in Tamil Nadu

The National Institute of Wind Energy (NIWE) has floated a tender for offshore geophysical and geotechnical investigations at different offshore wind sites in sub-zone-1,...

November 3, 2023

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Gautamee Hazarika

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Tenders & Auctions

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Wind
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Government to Auction First Offshore Wind Site in February 2024

The Ministry of New & Renewable Energy (MNRE) plans to conduct auctions to allocate offshore wind sites along the Tamil Nadu coastline. These projects will generate...

September 28, 2023

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Arjun Joshi

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Tenders and Auctions

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Wind
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Global Offshore Wind Records Second Best Year Ever, Adds 8.8 GW in 2022

The offshore wind industry achieved notable growth by adding 8.8 GW of new capacity to the grid in 2022, which was its second-best performance ever, according to the...

September 6, 2023

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Gautamee Hazarika

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Markets & Policy

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Wind
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US, Europe Drive Increase in Global Wind Turbine Orders by 12% YoY in 1H 2023

Global wind turbine orders recorded a 12% year-over-year increase in the first half (1H) of 2023 with 69.5 GW of order activity, according to the global research and...

September 1, 2023

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Satish Shetty

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Markets & Policy

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Wind

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