India

India

Offshore MoU signed in India

INDIA: Indian developer Gujarat Power, the Government's energy ministry and other energy partners have signed a memorandum of understanding (MoU) to set up a joint venture to investigate the potential for offshore development in the country.

The joint venture will look into the feasibility of a 100MW demonstration project in India
The joint venture will look into the feasibility of a 100MW demonstration project in India

Under the MoU, the joint venture will carry out a feasibility study based on findings from previous investigations into the offshore potential of India.

The study will be used in the possible development of a 100MW demonstration project off the coast off Gujarat, on the country's northwest coast.

Also included in the MoU is the National Institute of Wind Energy, the National Thermal Power Corporation, the Power Grid Corporation of India, the Indian Renewable Energy Development Agency, the Power Finance Corporation and the Power Trading Corporation.

India has long discussed the possibility of installing turbines offshore. In August 2013, the energy ministry set up the National Offshore Wind Energy Authority (NOWA) which was to be responsible for the country's offshore projects.

India released its draft offshore policy in May 2013, formulated by the Offshore Wind Energy Steering Committee, which is responsible for providing guidance and support to NOWA.

The draft policy suggested incentives such as ten-year tax holidays and duty concessions for procurement and services on offshore wind projects.

Demonstration projects, invited by the Indian government in the future, will be exempt from paying a lease fee for a specified period, the draft policy also suggested.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Offshore Events

Latest Offshore Wind Jobs