Offshore wind developer RWE and Tata Power have agreed to explore the potential for joint development of offshore wind projects in India.
Tata Power Renewable Energy Limited is a 100% subsidiary of Tata Power, one of India's largest integrated energy companies.
The duo has signed a memorandum of understanding (MoU) for the same.
To be noted, India is regarded as a new market for the development of offshore wind farms with approximately 7600 km of coastline. Earlier, the Indian government announced a goal of achieving 30GW of offshore wind by 2030 to meet the country's growing energy needs.
Tata Power CEO and managing director Praveer Sinha remarked, “With its global expertise in the realisation and operation of offshore wind projects, RWE is our ideal partner to support Tata Power's plans to expand its offshore wind business."
Meanwhile, RWE Renewables offshore wind chief executive Sven Utermöhlen commented, "India has excellent wind resources that can help meet the country's increasing energy demand. If clear regulations and an effective tendering system are in place, we expect the Indian offshore wind industry to experience a real boom.
According to the companies, RWE and Tata Power Renewable Energy will carry out technical and commercial site analyses for offshore wind market in India.
Besides, the companies informed that they will carry out an assessment of India's offshore wind supply chain and supporting infrastructures.
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