Power & Energy

India gears up for her first offshore wind project

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The government of India has already floated proposals for the industries of the energy sector to come up with tenders and quotations on the country’s first offshore wind project. The project has been estimated to generate around 5 GW by the year 2022. According to experts, such adventurous and ambitious projects have good prospects in the country but the success of the project depends on the subsidy provided by the government. Moreover, these kinds of projects require huge investments too. “The global expression of interest (EoI) is intended to shortlist prospective offshore wind energy developers for a 1000 MW offshore wind energy project in Gulf of Khambat, off the coast of Gujarat,” an official statement from the Ministry of new and renewable energy said on Wednesday.

“At this point, tariffs for offshore wind would be around Rs. 7 per unit. Now the question is whether the government will allow such tariffs,” said an expert. The government should take the feed-in-tariff (FiT) route to get at least the first offshore wind tender going, the person added.

According to Kameswara Rao, “Development of offshore wind is a timely progression for India. The resource offers much higher PLFs that position it closer to base load generation, and now with larger sized turbines (from 4 MW to 8 MW range) it is much more viable.” The studies were conducted by the Chennai based nodal agency. They have also been entrusted with the responsibility to chalk out the financial planning as well.

 

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