MNRE Amends Offshore Wind Energy Lease Regulations Significantly
MNRE amended Offshore Wind Energy lease rules, allowing leases for up to 35 years, extendable based on viability & safety. The updated definition clarifies leasing rights over seabeds within territorial waters and the Exclusive Economic Zone. New regulations streamline the leasing process, requiring approvals from various Govt. entities and restricting the transfer of lease rights without consent.
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