India may start leasing out sea floor for offshore wind projects: Report

In Tamil Nadu, the ocean floor along its 1,076-km coastline may be bid out, while in Gujarat, the wind farm projects will be floated on the viability gap funding (VGF) route

In a bid to achieve India's net zero emissions by 2070, the central government is leasing out the ocean floor around Tamil Nadu to offshore wind farms. The base rate has been fixed at Rs 1,00,000 per square km, according to a report in Mint. 

India does not have any offshore energy projects, despite having a 7,600 km-long coastline. These energy plants reduce the burden of energy generation on thermal plants. 

The plan involves inviting bids for two wind power projects in Tamil Nadu and Gujarat, with a capacity of 2GW each.

In Tamil Nadu, the ocean floor along its 1,076-km