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India Aims 30 GW Offshore Wind Power by 2030 |
India- the world's fifth-largest economy and third-largest electricity producer, is making stomp in renewable energy along with the second-largest population. The fourth largest installed wind power country in the world with 45.887 GW of onshore wind power capacity. India is setting its sights on offshore wind energy as part of a larger goal to industrialize and expand its global role. Prime Minister Narendra Modi’s vision to achieve 500 GW of renewable energy capacity by 2030, requires 16 GW to be installed annually to meet the target of 140 GW.
The global offshore wind market size is around 75 GW but India has no installed offshore wind capacity despite skyrocketing investments in renewable energy, solar, and onshore wind. With nearly 7600 km of coastline surrounded by water on three sides and has good potential for harnessing offshore wind energy. Indian government is aiming to add 100 GW of wind energy with 30 GW coming from offshore wind.
Offshore Wind Potential in India and Government Initiative
The Ministry of New and Renewable Energy MNRE estimates that India's offshore wind potential is nearly 70 GW, split between Gujarat (36 GW) and Tamil Nadu (35 GW). As strategies, the Government of India has approved the procedures and framework for the country's first offshore through the Viability Gap Funding (VGF) scheme.
Gujarat 500 MW Wind Farm Project, Issued by SCEI
Advantages of Gujarat wind power development
Government and private companies have taken the initiative to work together to implement the project. The Solar Energy Corporation of India (SECI), a working agency under the Ministry of New and Renewable Energy (MNRE) is overseeing the Gujarat 500 MW tender. In this agreement, build-own developers are invited to submit bids for the construction of wind farms under the Operate model for a 25-year Power Purchase Agreement (PPA). Additionally, India approved a Viability Gap Funding (VGF) scheme allocating USD 892 million to support offshore wind projects.
Tamil Nadu 4 GW Offshore Wind Farm Project
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Tamil Nadu 4 GW Offshore Wind Farm: Photo Onshore Wind Farm, Tamil Nadu, Gettry |
Tamil Nadu is the second with 15% of the country's total coastline and unique wind patterns generated by the sea, making it ideal for wind power generation. It is called the home of India's largest wind turbine, with a capacity of 4.2 MW and favorable wind conditions for continuous power generation along with neighboring states like Kerala, Karnataka, and Andhra Pradesh.
In this context, recently, the Indian government invited bids to develop 4 GW of offshore wind power off the coast of Tamil Nadu, divided into four 1 GW blocks.
Viability Gap Funding Scheme India for Offshore Wind
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Viability Gap Funding Scheme India for Offshore Wind, Photo: Narendra Modi, X |
The Global Wind Energy Council (GWEC) and the India Offshore Wind Working Group have expressed strong support for the Viability Gap Funding (VGF) scheme to achieve offshore wind energy targets in India.
As highlighted in the GWEC Offshore Wind Report 2024, India is expected to contribute 3% of the Asia-Pacific region’s offshore wind capacity between 2024 and 2033, aligning with its clean energy targets. India’s National Institute of Wind Energy has estimated over 70 GW of offshore wind potential along the coasts of Tamil Nadu and Gujarat.
The VGF scheme, in combination with the "National Offshore Wind Energy Policy 2015," represents a significant advancement in India’s renewable energy strategy to add 500 GW of non-fossil fuel capacity by 2030, with 50% of its energy requirements.
India Offshore Wind Capacity Target 2030
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IEA. License: CC BY 4.0 |
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