India, with its ambitious goal of achieving net-zero emissions by 2070, is emerging as a pivotal player in the offshore wind energy sector. Demonstrating a robust commitment to renewable energy transition, the nation has set an ambitious offshore wind leasing target of 37 GW by 2030. Initiatives like the FOWIND project and FOWPI have been instrumental in conducting extensive research, laying the groundwork for the future development of offshore wind projects. The government’s proactive stance is evident through the publication of comprehensive reports, successful attraction of investor interest, and the initiation of essential frameworks. Collaborations with international entities such as the European Union and the World Bank Group have further enriched the landscape by bringing valuable expertise and knowledge.
Despite setting ambitious targets and launching promising initiatives, the actual deployment of offshore wind (OSW) projects in India is yet to materialize. While commendable progress has been made over the past years, there exist significant gaps in policies, frameworks, and implementation capabilities when compared to established offshore wind markets. A recent report led by BVG Associates (BVGA) with support from MEC+ sheds light on these gaps, identifying hindrances to OSW acceleration in India. The report draws insights from various established and emerging OSW markets and Indian stakeholder dialogues, offering strategic and practical recommendations for the successful establishment of a sustainable OSW industry in India.
There are many challenges in unlocking India’s Offshore Wind, requiring alignment and involvement at state and local levels to be overcome. Incomplete frameworks related to seabed leasing, permitting, offtake and revenue, and grid connection create uncertainties for developers. The absence of comprehensive environmental and social impact assessment (ESIA) requirements and community engagement further adds complexity to the offshore wind development landscape in India. Addressing these challenges is deemed crucial for unlocking the full potential of offshore wind energy in the country.
By drawing learnings and examples from five countries – Australia, Japan, Netherlands, United Kingdom, and the United States of America (New York State) – India can adopt various aspects, including policy and frameworks, grid integration and planning, environmental and social considerations, infrastructure development, supply chain development, revenue models, and collaboration and stakeholder engagement.
Unlocking India’s Offshore Wind Potential is key to its sustainable energy future. As the nation strives to achieve ambitious renewable energy targets, bridging gaps in policies, frameworks, and implementation is imperative. By learning from global OSW markets and implementing strategic recommendations, India can expedite the development of its offshore wind sector, positioning itself as a major player in the global and South Asian OSW market. The winds of change are blowing, and India has the opportunity to harness them for a greener and more sustainable future.
It can be downloaded here: bvgassociates.com/realising-indias-offshore-wind-potential/
