Tata explores foray into offshore wind project development in India
Tata Power and RWE have collaborated in the development of offshore wind projects in the country. A corresponding Memorandum of Understanding has been signed between Tata Power Renewable Energy Limited, a wholly owned subsidiary of Tata Power.
To facilitate the creation of an offshore wind market in India, RWE and Tata Power Renewable Energy Limited will carry out technical and commercial site assessments. In addition, the companies are considering an assessment of India’s offshore wind supply chain and supporting infrastructure, such as ports and grid connections, to identify local strengths as well as necessary development potential.
Commenting on the collaboration, Dr. Praveer Sinha, CEO and Managing Director of Tata Power, said: “RWE is our ideal partner to support Tata Power’s plans to improve and expand offshore wind business based on its global expertise in the management and operation of offshore wind projects”.
The German group RWE has more than 120 years of experience in the production of electricity. Tata Power also has a rich heritage of over 100 years. The company has a strong portfolio in India’s renewable energy landscape with a total capacity of 4,909 MW, of which nearly 1,854 MW is under commissioning.
“India has excellent wind resources, which can help meet the growing energy demands of the country. If clear regulations and an effective bidding system are in place, we expect India’s offshore wind industry to gain real momentum. RWE wants to be part of this development,” said Sven Utermöhlen, CEO Wind Offshore of RWE Renewables.
Never miss a story! Stay connected and informed with Mint. Download our app now!!