New Delhi, Oct 01, 2014 06:21 PM IST
An NTPC-led consortium today signed a memorandum of understanding to set up a joint venture company to undertake the country’s first offshore wind power project along the Gujarat coast.
The MoU was signed by the ministry of renewable energy, the National Institute of Wind Energy, and the consortium of partners consisting of National Thermal Power Corporation, Power Grid Corporation, Indian Renewable Energy Development Agency, Power Finance Corporation, Power Trading Corporation and Gujarat Power Corporation.
Speaking on the occasion, Union Power Minister Piyush Goyal described it as a great opportunity in the development of renewable energy resources in the country. The country’s 7,600 km coastline created opportunities for scaling up, he added.
The first demonstration offshore wind power project will be 100 MW. It will receive a subsidy for setting up transmission infrastructure to the mainland. The ministry will assist in obtaining clearances for the project.
Onshore wind power development has become commercial in India and is the country’s fastest growing renewable energy option. With more than 22 GW onshore wind power capacity in the country, the government is looking at offshore wind power development. It has announced a draft policy and has circulated a Cabinet note for comments from other ministries.
In the early 1990s, the government had taken up onshore demonstration projects in various states. These have leveraged a wind power capacity of around 22,000 MW with private investment. Worldwide offshore wind power generates 7.5 GW, with the UK leading with 4.2 GW followed by Denmark at 1.2 GW and Belgium at 0.7 GW. China generates 0.4 GW offshore wind power.