RWE and Tata Power Renewable Energy announced their partnership to explore the potential for a joint development of offshore wind projects in India.
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.
India Government aims to achieve 30 gigawatts (GW) of offshore wind installations by 2030 to meet the country’s growing power demands.
“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,” Praveer Sinha, CEO and Managing Director of Tata Power, said.
“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,” Sven Utermohlen, CEO Wind Offshore of RWE Renewables, said.
India is in the process of conducting technical studies and devising the regulatory framework to establish the first auctions for offshore wind of the coast of Tamil Nadu and Gujarat.
RWE and Tata Power Renewable Energy will conduct technical and commercial site assessments. In addition, the companies are looking into an evaluation of the Indian offshore wind supply chain and supporting infrastructure, such as ports and grid connections, to identify the local strengths as well as necessary development potential.
The Germany-based RWE Group intends to triple its global offshore wind capacity from currently 2.4 GW to 8 GW (capacity represents RWE share only) by 2030. The focus for further growth is on markets of Europe, North America, and the Asia-Pacific Region including India. RWE has an energy trading presence in India since 2013.