India's first offshore wind tender is expected to receive a $900 million government subsidy

After several delays, India's first offshore wind tender is about to dawn
.
The Indian government is planning to approve $909 million worth of viable gap funding to support the country's first offshore wind project
.

Feasibility gap funding shall ensure that the project continues
at a price agreed upon with the buyer.
The 1 gigawatt project is planned to be implemented
off the coast of the western Indian state of Gujarat.
The state's electricity distribution company reportedly agreed to buy the energy generated by the
power plant at 3.
50 rupees/kWh.
Government funding will compensate the project developer for discrepancies
between the financially viable offer and the already agreed purchase price for electricity.

In principle, agreements on funding are now likely to be discussed by ministries and finally approved
by the Cabinet.
Once the government approves the feasibility gap funding, there are no barriers
to the country's first offshore wind tender.
Project leaders for India's first offshore wind project (FOWPI) said the tender would be issued
in October this year.

The National Wind Energy Institute (NIWE) and other Indian institutions have taken several steps to lay the groundwork for the
first project.
A significant wind resource survey has been completed at the proposed site off the coast of Gujarat, with additional surveys
planned for the near future.

India has set very ambitious capacity increase targets
in the offshore wind sector.
The country plans to operate 5 GW of offshore wind by 2022, increasing to 30 GW
by 2030.