Union Ministry of New and Renewable Energy (MNRE) signed a Memorandum of Understanding (MoU) on 1 October 2014 for setting up a Joint Venture Company to undertake the first-ever Offshore Wind Power Project in India along the Gujarat coast.
The MoU was signed between Union Ministry of New and Renewable Energy (MNRE), National Institute of Wind Energy (NIWE), and Consortium of partners consisting of National Thermal Power Corporation (NTPC), Power Grid Corporation of India Ltd (PGCIL), Indian Renewable Energy Development Agency (IREDA), Power Finance Corporation (PFC), Power Trading Corporation (PTC), and Gujarat Power Corporation Ltd (GPCL).
Details of MoU signed
Efforts undertaken by the Union MNRE towards Offshore Wind Power development
India with a coastline of around 7600 kilometres has vast potential for Off-shore wind power development. But it is still to be harnessed.
World-wide offshore wind power projects aggregating to about 7.5 GW capacity have been installed (UK - 4.2 GW; Denmark - 1.2 GW; Belgium – 0.7 GW; Germany – 0.6 GW; China – 0.4 GW; the Netherlands – 0.2 GW and Sweden – 0.2 GW)
Thus, Union Ministry of New and Renewable Energy (MNRE) have undertaken various initiatives to develop the offshore wind power in India. These include announcement of Draft National Offshore Wind Energy Policy; preparation of Draft Cabinet note on National Offshore Wind Energy Policy; and finalization of the proposed National Offshore Wind Energy Policy.
Onshore wind power development in India
Since the start of the onshore demonstration projects undertaken by the Ministry in early 90’s, the onshore wind power development has reached to commercial stage in India. In fact, it is the fastest growing renewable energy option today. Today India has more than 22 GW installed onshore wind power capacity.
When: 1 October 2014