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Renewable Energy Ministry signs MoU for offshore wind power projects - To set up 100MW project off the coast of Gujarat

  • The Ministry of New and Renewable Energy has signed a memorandum of understanding for setting up a joint venture company to set up a 100MW offshore wind power project, off the coast of Gujarat. The MoU was signed between MNRE, National Institute of Wind Energy and consortium of partners consisting of NTPC, Power Grid Corporation, Indian Renewable Energy Development Agency, Power Finance Corporation, Power Trading Corporation and Gujarat Power Corporation Ltd.

  • “Considering the country’s 7,600 km coast line, opportunities for scaling up offshore wind power projects are humongous,” said Piyush Goyal, Minister of State (Independent Charge) Power, Coal and New and Renewable Energy. The Minister also suggested building partnerships with defence, coast guard and shipping to ensure seamless and time bound approval process.

  • The joint venture company will undertake a detailed feasibility study to set up the first planned demonstration off shore wind project. It has been proposed to provide subsidy for setting up of evacuation and transmission infrastructure of the project to the mainland including financial support for carrying out studies such as wind resource assessment, Environment Impact Assessment and oceanographic survey.

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