BBN Bureau
ESSEN (Germany)/February 22-2022: RWE and Tata Power have agreed on a partnership to explore the potential for a joint development of offshore wind projects in India, a Tata Power release said.
A corresponding Memorandum of Understanding (MoU) has been signed between Tata Power Renewable Energy Ltd, a 100 per cent subsidiary of Tata Power, which is one of India’s largest integrated power companies, and RWE Renewables GmbH, one of the world’s leaders in offshore wind.
India is an unexplored and highly attractive market to develop opportunities for offshore wind as it has a large coastline of about 7,600 kmts.
India targets 30 GW
The MoU between Tata Power Renewable Energy Ltd and RWE 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 Power Renewable Energy Ltd 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, said that RWE is an 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.
Sven Utermöhlen, CEO Wind Offshore of RWE Renewables, noted that India has excellent wind resources, which can help 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,” Utermöhlen said.’
Beginning with TN, Gujarat
The Indian Government is in the process of conducting detailed technical studies and devising the regulatory framework to establish the first auctions for offshore wind of the coast of Tamil Nadu and Gujarat.
Offshore wind has the potential to spur significant infrastructure investment in these states and to support local job creation. To facilitate the establishment of an offshore wind market in India, RWE and Tata Power Renewable Energy Ltd will conduct technical and commercial site assessments. I
RWE, a group with long standing
The German-based RWE Group has more than 120 years’ experience of electricity generation. Founded in 1898 as a municipal utility, RWE today is a leading global player in renewables. RWE is determined to contribute its technical and commercial expertise gained from the operation of 17 offshore wind farms in five countries, and the development and construction of some of the world’s most advanced offshore wind farms to forge ahead with offshore wind in India.
By 2030, RWE intends to triple its global offshore wind capacity from the current 2.4 GW to 8 GW (capacity represents RWE share only). The focus for further growth is on attractive markets of Europe, North America, and the Asia-Pacific Region including India.
