SECI Cancels Two Offshore Wind Energy Tenders Due to Lack of Developer Interest

The Solar Energy Corporation of India (SECI) has cancelled two offshore wind energy tenders due to a lack of response from developers. The tenders were for a 500 MW project and a 4,000 MW sea-bed lease rights allocation. The company may revise the tender and float a new one, as the project is complex and capital-intensive. The decision to cancel the tenders was made to ensure the success of the project.

The Solar Energy Corporation of India (SECI) has cancelled two offshore wind energy tenders due to a lack of response from developers. The tenders were for a 500 MW project and a 4,000 MW sea-bed lease rights allocation. The company has decided to revise the tenders and float new ones, acknowledging the project's complexity and capital intensity. The decision to cancel the tenders was made to ensure the success of the project [1].

The cancellation of these tenders comes at a time when the renewable energy sector is navigating a complex landscape of policy shifts, supply chain bottlenecks, and financial pressures. Ørsted, a leading Danish energy company, has recently announced a potential €5 billion capital raise to stabilize its finances amid rising costs and project cancellations [2]. Similarly, the European Commission has approved a €11 billion French scheme to support offshore wind energy, highlighting the strategic importance of the sector [3].

SECI's decision to cancel the tenders and revise them indicates a cautious approach to ensure the project's success. The complexity and capital intensity of offshore wind energy projects require careful planning and execution. By revising the tenders, SECI aims to attract more developers and ensure that the projects are viable and sustainable.

Investors and financial professionals should closely monitor SECI's revised tenders and the broader offshore wind energy market. The cancellation of these tenders is a sign of the sector's maturing landscape, where companies must balance ambition with pragmatism. Ørsted's recent strategic moves, such as a potential €5 billion capital raise and a recalibration of its US offshore wind portfolio, offer a case study in this balance [2].

The decision to cancel the tenders also reflects the broader challenges faced by the renewable energy sector. Policy volatility, supply chain bottlenecks, and financial pressures are all factors that must be navigated to ensure the success of offshore wind energy projects. SECI's approach to revising the tenders and ensuring the success of the project is a practical response to these challenges.

In conclusion, SECI's cancellation of the offshore wind energy tenders and plan to revise them is a strategic move to ensure the success of the project. The decision reflects the complexities and challenges of the renewable energy sector and the need for careful planning and execution. Investors and financial professionals should monitor SECI's revised tenders and the broader offshore wind energy market to stay informed about the sector's developments.

References:
[1] https://www.ainvest.com/news/rsted-strategic-capital-raise-offshore-wind-exposure-navigating-renewable-energy-turbulent-waters-2508/
[2] https://megaproject.com/news/powerplant/european-commission-approves-eur11-billion-french-state-aid-scheme-for-offshore-wind
[3] https://www.offshorewind.biz/2025/08/11/orsted-plans-rights-issue-to-fund-building-us-offshore-wind-farm-alone-danish-state-commits-as-majority-subscriber/