Power giants to scope offshore wind projects in India’s untapped market

Power giants to scope offshore wind projects in India’s untapped market

February 23, 2022: On Monday, German energy giant RWE and India’s Tata Power announced a collaboration that will develop offshore wind projects in India.

The firm says that a memorandum of understanding relating to the plans had been signed by RWE Renewables GmbH and Tata Power Renewable Energy Limited.

“India has wind resources, helping to meet the country’s increasing energy demands,” Sven Utermöhlen, RWE Renewables’ CEO for offshore wind, said.

“If clear regulations and an effective tender scheme are in place, we expect India’s offshore wind industry will gain a real momentum,” he added.

According to India’s Ministry of New and Renewable Energy, the country is home to roughly 7,600 kilometers of coastline. While India has a well-developed onshore wind sector, there are no operational offshore wind projects in its waters. Authorities have said they want 30 gigawatts of offshore wind installations by 2030.

“The Indian Government is in the process which conducts detailed technical studies and devising the regulatory framework to establish the first auctions for the offshore wind of the coast of Tamil Nadu and Gujarat,” RWE and Tata Power said.

The firms added they would undertake technical and commercial site assessments to “facilitate the establishment of an offshore wind market.”

They will also evaluate India’s supply chain for offshore wind and crucial infrastructure, including ports and grid connections.

India’s MNRE says it wants “non-fossil fuels” installed capacity to hit 500 GW by 2030. Despite this lofty target, the country remains reliant on fossil fuels. As of December 31, fossil fuels’ share of India’s total installed generation capacity stood at 59.8%, according to the Ministry of Power.

At the previous year’s COP26 climate change summit, India and China, both among the biggest burners of coal, insisted on a recent minute change of fossil fuel language in the Glasgow Climate Pact from a “phase out” of coal to a “phase down.” After initial objections, which opposed countries ultimately conceded.

In a speech delivered to The Energy and Resources Institute’s World Sustainable Development Summit the previous week, Indian Prime Minister Narendra Modi said he believed that “environmental sustainability can only be achieved through climate justice.”

About Us

We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.

Recent Posts

Noodle.ai | Make Profit Not Waste | Stephen Pratt

Supply chain leaders, including VPs, often find themselves making bets with unknown financial consequences. Having started with largely infeasible plans generated by deterministic “one-number” planning systems, compounded by unexpected supply or demand disruptions, they are forced into last-minute adjustments to meet operational and financial goals.

Intelichain | Revolutionary Supply Chain Planning Solutions | Roei Aviram

Unsurprisingly, today’s supply chain faces numerous issues, including sustainability, technology, global economic and political instability, talent management, and supply chain resilience. Advanced forecasting algorithms and predictive analytics are used in supply chain management to help organizations of all sizes make better decisions by providing insights into what’s going on in their business at any given moment and predicting future trends.

GAINS | Empowering Companies to Make the Right Decision | Bill Benton

Ensuring the right products are in the right place and at the right time is critical for companies also dealing with supply chain constraints and a high degree of variability. Uncertainty has become the name of the game and the only way to effectively optimize inventory through continuous, data-driven assessments, planning, and decision-making.

Extensiv | Creating the Future of Omnichannel Fulfillment | Sheridan Richey

Food Huggers, a consumer brand that designs products to reduce waste at home, may be in an enviable position now but before they found Extensiv Order Manager, managing booming orders and staying on top of inventory was a huge operational challenge. The business has inventory spread across multiple geographically distributed warehouses, with orders received via multiple sales channels, including Shopify storefronts and Amazon.

Chainguard | Making Supply Chain Secure | Dan Lorenc

By late 202, the alarm bells were just starting to ring. Researchers discovered that Russian spies had months earlier burrowed deep into the networks of several U.S. federal networks. The spies, working for Russia’s foreign intelligence service, had first targeted SolarWinds, an IT company whose software helps to remotely manage the networks of thousands of businesses, Fortune 500 organizations and federal government agencies.

Power giants to scope offshore wind projects in India’s untapped market