ABAN Power & Venterra Firm Form India Offshore Wind Alliance

World Adds 10.8 GW Of New Offshore Wind Capacity In 2023

ABAN Power and Gavin and Doherty Geosolutions (GDG), a division of the Venterra Group, have formed an alliance to expedite offshore wind projects and energy infrastructure throughout Asia-Pacific, including India. The objective of this partnership is to assist India in reaching its 2030 target of 500 GW of renewable energy capacity.

Through the combination of ABAN Power’s and GDG’s vast experience and resources, the alliance provides cutting-edge services and solutions rooted in geoscience-based engineering and innovation. By partnering, both companies are focusing on renewable energy solutions in the region and meeting the diversified needs of the dynamic offshore energy and infrastructure industry.

Indrasenan Thusyanthan, Managing Director of Venterra’s GDG, emphasised the alignment of this partnership with GDG’s strategic expansion into the region. He also said, “Our collaboration with ABAN Power allows us to bring unmatched expertise to support India’s clean energy goals,” he stated.

Srijith Menon, Head of Green Business at ABAN Power, highlighted the partnership’s potential to lead the offshore sector in India, contributing significantly to the country’s renewable energy targets. “We are excited to leverage our global experience in offshore and renewable energy projects with GDG,” Menon said.

The Government of India invited bids in February for the development of offshore wind with a total capacity of 4 GW off the coast of Tamil Nadu. The bids invited are for four blocks of 1 GW each on an open-access basis, for the development of offshore wind projects off the coast of Tamil Nadu, through international competitive bidding.

According to a report by Crisil ratings, India is on track to significantly increase its wind energy capacity, with a projected addition of nearly 25 gigawatts (GW) between fiscal years 2025 and 2028, compared to about 9 GW added between 2021 and 2024.