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India’s carbon market challenge
Launch of credit trading scheme likely to slip into 2026 as government grapples with complex market design challenges
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South Asian economic giant is prioritising the development of CCUS policies to combat climate change and meet its international climate commitments
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Floating offshore wind capacity doubles in 2022
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New ownership positions renewables project developer for transition to long-term asset owner and operator
India will open bids for leases offshore Tamil Nadu this year
India Wind
Polly Martin
14 June 2022
Follow @PetroleumEcon
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India to auction 12GW offshore wind by mid-decade

The country plans to begin bidding process for first blocks offshore Tamil Nadu this year

India’s Ministry of New and Renewable Energy will auction 4GW of offshore wind off the coasts of Tamil Nadu and Gujarat every year for the next three years. The ministry also plans to subsequently bid out 5GW of capacity every year for a period of five years up to 2030. The first auction for blocks off the coast of Tamil Nadu is planned for within the next 3-4 months. India has set an ambitious target to deploy 30GW of offshore wind by 2030. While it is one of the largest global markets for installed onshore wind capacity, it has no operational offshore wind projects. 30GW – Targeted offshore wind capacity by 2030 “India has a mature domestic wind supply chain, but it is not designed

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