Wind Energy – India
RWE and Tata Power have agreed on a partnership to explore the potential for a joint development of offshore wind projects in India.
A corresponding Memorandum of Understanding (MoU) has been signed between Tata Power Renewable Energy and RWE Renewables.
India is an unexplored and highly attractive market to develop opportunities for offshore wind as it has a large coastline of about 7,600 kilometres.
The MoU becomes significant in the light of the Government of India’s announcement of achieving 30 gigawatts (GW) of offshore wind installations by 2030 to meet the country’s growing power demands.
RWE and Tata possess complementary strengths and will enable the establishment of a competitive offshore wind market in India. Talking about the collaboration, Dr Praveer Sinha, CEO and Managing Director of Tata Power, says: “RWE is our ideal partner to support Tata Power’s plans to enhance and grow offshore wind business based on its global expertise in running and operating offshore wind projects. In view of the Indian Government’s heightened focus on offshore wind farms to address the country’s expanding electricity demands, the collaboration becomes even more significant.”
Sven Utermöhlen, CEO Wind Offshore of RWE Renewables, explains: “India has excellent wind resources, which can help to meet the country’s increasing energy demands. If clear regulations and an effective tender scheme are in place, we expect India’s offshore wind industry will gain a real momentum. RWE wants to be part of this development.”