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Last Updated: June 03, 2023

Offshore Wind Energy

CHENNAI: India will add 58 GW of wind energy capacity over the next seven years at an investment of over 4 lakh crore. This would take the cumulative installed capacity of onshore wind energy to 100 GW as part of the Centre’s plan to create 500 GW of non-fossil fuel based installed capacity by 2030. Currently, 42.8 GW of onshore wind energy has been installed.

On the other hand, the Union ministry of new & renewable energy will float a tender for seabed licensing to setup 4 GW of India’s first offshore wind energy off Tamil Nadu coast before the end of CY2023.

Indian Wind Turbine Manufacturers Association secretary general D V Giri said, out of the 58 GW of wind energy, five GW and three GW will be installed in 2023-24 and 2024-25, respectively. “By 2030, 58 GW of onshore wind energy will be commissioned. One GW of wind energy requires an investment of about Rs 7,000 to Rs 8,000 crore,” he said. He was speaking on the sidelines of a seminar on ‘offshore development’ organised at the National Institute of Wind Energy here on Friday.

Wind energy is produced from nine states with Tamil Nadu, Gujarat, Karnataka, Maharashtra, Rajasthan and Andhra Pradesh leading the list.

Meanwhile, Union ministry of new & renewable energy is tapping the offshore wind energy potential and identified 14 sites, each with a capacity to install one GW, off the Tamil Nadu coast in the Gulf of Mannar. Tenders would be floated before the end of this year for the seabed license, wherein the successful bidder would prepare the detailed project report in five years. In the first phase, bids would be for leasing out 4GW of power through open access, captive, bi-lateral third party sale and merchant sale.

Additional chief secretary — industries S Krishnan said, steps should be taken to simultaneously float the tenders for another 4 GW, which has been earmarked under the Viability Gap Funding (VGF) mechanism.

Source Link: https://timesofindia.indiatimes.com/city/chennai/indias-first-offshore-wind-energy-to-come-up-off-tamil-nadu-coast/articleshow/100716920.cms?from=mdr