India’s first offshore wind auction with support

July 16, 2024
 | 
2 min read
Featured Image

Auction warm-up: India's first lease and support auction for offshore wind

The Indian government has identified 15 sites across the states of Gujarat and Tamil Nadu as part of the plan to award 37 GW of offshore wind by 2030. The auction pipeline totals 15 GW, while the Indian government is also expecting to allocate 22 GW of capacity through an open-door model towards 2030.

In June 2024, India's government announced a support allocation of 767 mEUR for its second auction round for offshore wind, which is planned for FY2024-2025 and will include the award of both lease and support for two sites.

In Aegir's latest Market Insights report, we analyze how the business cases look after this support announcement, including:

  • An overview of India's ambitious auction timeline towards 2030.
  • Evaluation of potential outcomes of the upcoming lease and support auction.
  • Analysis how budget splits could impact project feasibility between the two sites.

Aegir Insights’ clients can access this latest report on the Aegir platform.

If you’re interested in learning more, reach out to us here for the latest insights on India and for more information on Aegir Insights’ offshore wind intelligence offerings.

Market Intelligence by Aegir Insights

Aegir Insights' Market Insights are short, stand-alone pieces with key information about significant events in a market. The events may be auctions, policy shifts, supply chain developments and more. They are quick reads, designed to give readers more context around and understanding of an event than a regular news article would while remaining easily digestible.

Aegir Insights' Market Reports give a thorough analysis of offshore wind markets with the aim of identifying growth opportunities. Factors considered include metocean conditions, infrastructure and constraints, LCoE forecasts, market activity overview, policy regime and current renewables build-out, among many other topics relevant for a given market. The reports are often used as a go-to for a market overview that contains all relevant information for early stage market screening. Coverage is global and reports are regularly updated to reflect major changes in the market.

Reach out to us to learn more about Aegir Insights’ market intelligence service and the different auction models in India. Or browse our solutions.

aegir-logo-lockup-nightblue-RGB

Bankable intelligence for offshore wind decision-making.

Aegir Insights ApS

Aegir Insights
Havnegade 27 st,
1058 Copenhagen,
Denmark


Contact

info@aegirinsights.com
CVR no.: 39104792

Follow

Aegir Insights

Aegir Insights
Havnegade 27,
1058 Copenhagen,
Denmark


Contact

info@aegirinsights.com
CVR no.: 39104792

All rights reserved 2023 © Aegir Insights Aps