The new front of Renewable: Offshore Wind Project

The global cumulative offshore wind installation capacity in 2018 was 23 GW. The installed capacity in 2011 was 4.1 GW implying 82% increase in installed capacity in the last 7 years. The Renewable Energy Country Attractiveness Index (RECAI) ranking indicates ease of investment in renewable projects across the countries. India stands 4^th in the latest overall ranking for offshore wind technology.

Beginning in India

National Institute of Wind Energy (NIWE) and First Offshore Wind Project of India (FOWPI) installed a LiDar to measure wind energy potential at different heights in the Gulf of Khambhat 25 km off the coast of Gujarat. FOWPI is funded by EU to support MNRE target of achieving 60 GW of wind power capacity by FY 2021-22. The total capacity to be installed is 200 MW and all technical help will be provided by FOWPI. SECI invited bids for 1 GW offshore wind farm on Build Own Operate basis.

Success story

In 1991, the world’s first offshore wind turbines were installed in Denmark. Wind farms are owned by Orsted formerly known as DONG Energy, a state-owned coal and Gas Plant Company. DONG Energy has observed successful growth in share value. It is closely observed by other companies. It’s a success story that can encourage Indian investors to venture in offshore wind.