Our new report identifies how India’s offshore wind potential can be fulfilled to help meet its net-zero targets.
A new report Accelerating the Deployment of Offshore Wind in India has been published that identifies the actions needed to realise and accelerate India’s offshore wind (OSW) ambitions.
Driven by a target of achieving net zero by 2070, India has ambitions to become a prominent player in the offshore wind industry. Building on its heritage in onshore wind and considering its strong offshore wind resources, India holds considerable potential to become a significant player in the global market. Over the last decade, the Government of India has established initial policies and frameworks to support the OSW sector. This preparatory activity has drawn international interest but OSW deployment is yet to start.
Led by BVG Associates (BVGA) with support from MEC+, the report identifies the gaps in policy, frameworks, and delivery models that are hindering OSW acceleration in India. The report draws on insights from various established and emerging OSW markets and Indian stakeholder dialogue. These insights inform a set of strategic and practical recommendations for the successful establishment of a sustainable OSW industry in India.
“India has set an OSW leasing target of 37 GW by 2030,“ said Bruce Valpy, Managing Director of BVGA. “This report identifies how India can build on the several positive steps it has already taken to fulfil this strong commitment to a renewable energy transition.”
International collaboration has brought expertise, knowledge sharing, and best practices from established OSW markets to India. There is potential for India to adapt these practices to suit its conditions.
“In recent years, the Indian government has diligently formulated a strategic roadmap for offshore wind,” stated Sidharth Jain, MD & Founder of MEC+. “The report highlights global best practices in offshore wind and juxtaposes them with the current state of Indian policy development, to lay the groundwork for global engagement and adoption.
The report was successfully launched at an event at the Indian Habitat Centre, New Delhi by the Ministry of New and Renewable Energy, India and can be downloaded from our publications page.
Shovana Talukdar lead our work on how India’s offshore wind potential can be fulfilled, supported by Neil Douglas and Bruce Valpy.
