A Memorandum of Understanding (MOU) has been signed with regard to establishing a Joint Venture Company (JVC) in order to construct India’s first demonstration offshore wind power project.
The 100MW project would be located along the Gujarat coast and would be supported by subsidy for the construction of the evacuation and transmission infrastructure connecting the wind farm to the main land. This would include financial support for carrying out studies such as the wind resource assessment, Environment Impact Assessment (EIA), oceanographic survey and Bathymetric studies. The Ministry would also assist in obtaining clearances involved during the implementation of the project. It is expected that this first demonstration project would enable India to maintain a continued presence within the global offshore wind sector
Shri Piyush Goyal described the signing of the MOU as a great opportunity in the development of renewable energy resources in the country. He pointed out that Prime Minister Shri Narendra Modi’s message in the US was loud and clear that renewable energy is the way to go for India in future and that it dovetails the world’s concerns about climate change while clearly enhancing India’s energy security. Shri Goyal added that opportunities for scaling up are humongous given India’s 7600 km long coastal line and suggested building partnerships with Defence , Coast guard and Shipping to ensure a seamless and time bound approval process.
The MOU was signed in the presence of Shri Piyush Goyal, Union Minister of State for Power, Coal and New & Renewable Energy, by the 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).
The Joint Venture Company will undertake detailed feasibility study based on the inputs received from pre-feasibility studies and necessary steps for implementation of the first offshore demonstration wind power project.