RWE, Tata Power to Jointly Explore Offshore Wind Potential in India

RWE and Tata Power have agreed on a partnership to explore the potential for the joint development of offshore wind projects in India.

A corresponding Memorandum of Understanding (MoU) has been signed between Tata Power Renewable Energy Limited, a 100 percent subsidiary of Tata Power, which is one of India’s largest integrated power companies, and RWE Renewables GmbH, one of the world’s leaders in offshore wind, an official statement said.

For many companies, India is an unexplored and attractive market to develop opportunities for offshore wind as it has a long coastline of about 7,600 kilometres. The government has targeted achieving 30 gigawatts (GW) of offshore wind installations by 2030 to meet the country’s growing power demands.

Sven Utermöhlen, CEO Wind Offshore of RWE Renewables, commented, “India has excellent wind resources, which can help to meet the country’s increasing energy demands. If clear regulations and an effective tender scheme are in place, we expect India’s offshore wind industry will gain a real momentum. RWE wants to be part of this development.”

Talking about 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 enhance and grow offshore wind business based on its global expertise in running and operating offshore wind projects. In view of the Indian Government’s heightened focus on offshore wind farms to address the country’s expanding electricity demands, the collaboration becomes even more significant.”

“With Tata Power we have an outstanding and experienced partner at our side which is deeply rooted locally and shares our ambition to drive the growth of offshore wind in India. Combined with RWE’s 20 years’ track record in developing, constructing and operating offshore wind projects, we are well placed to supply green energy from offshore wind as competitively as possible for the Indian society,” added Utermöhlen.