Daily News Wrap-Up: Ministry Notifies Rules for Leasing Offshore Wind Sites

China’s solar module production costs plunge 42% in 2023

December 22, 2023

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Leased areas for offshore wind energy projects will be valid for an initial three-year period for conducting resource measurements and surveys, according to the Offshore Wind Energy Lease Rules, 2023, issued by the Ministry of External Affairs. The lease period can be extended by an additional two years. All clearances will be revoked after the five-year lease period expires. The lessee must submit study or survey data to the National Institute of Wind Energy unless it has commenced setting up wind energy capacity as per the lease terms.

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