JSA provided guidance and support to the Ministry of New and Renewable Energy, Government of India, and The World Bank in crafting bid documents for the allocation of sea-bed lease rights dedicated to the development of offshore wind power projects.
Aligned with the National Offshore Wind Policy, 2015, and the Offshore Wind Energy Lease Rules, 2023, these bid documents mark the initiation of the first offshore wind power development projects in India. They include a request for selection document, a concession agreement, and distinct lease agreements for both the survey and development phases of the project. The primary aim of this bidding process is to establish 4000 MW of offshore wind energy as a significant source of green energy, contributing to the country’s ‘Net Zero by 2070’ target.
The transaction, valued at over USD 1 billion, was led by its Joint Managing Partner Amit Kapur and Partner Kartikeya GS.
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