India may auction offshore blocks for wind farms

Date: 
May 15, 2012

The Indian government is looking at auctioning offshore wind farm block in a way similar to the auction of oil and gas blocks.

The Ministry of New and Renewable Energy has put together an inter-ministerial panel, to frame policy guidelines, approve and oversee execution projects and identify private or public sector partners. The panel is using the Petroleum Ministry's exploration block auctions as a model.

The Times of India quoted sources as saying it was too early to say whether sites would be auctioned or allotted. They added the ministry's move has been sparked by "a slew of requests from various quarters for allocation of sites".