Google- The Ministry of New and Renewable Energy (MNRE) has amended the offshore wind energy lease rules, extending lease terms up to 35 years, with potential for further extensions based on project viability.
- The 2024 amendment clarifies lease definitions and updates the scope of offshore wind energy systems, which include wind turbines, substations, and cables.
- The new rules streamline the leasing process through resource assessments and spatial planning, and require lessees to obtain approvals from multiple ministries before acquiring a license.
- Transfer of lease rights now requires written consent from the central government, which will also oversee all project stages, ensuring compliance with technical standards.
Source:SaurEnergy