Working Paper: Learnings for the Indian Offshore Wind Energy Sector

Offshore wind can play a prominent role in India’s energy transition, especially given the country’s target of 500 GW renewable energy by 2030 across different technologies. The Indian government has set offshore wind targets of 5 GW (by 2022) and 30 GW (by 2030); however, currently there is no offshore wind project in India. Several interlinked factors need to fall into place if India is to expand its offshore wind market. These factors include policy and regulation, energy pricing, local content requirement and customization of technology, infrastructure, transparency and certainty, and environmental and social impact assessments.

In the paper “Winds of Change: Learnings for the Indian Offshore Wind Energy Sector” by World Resources Institute and NIIF,  authors consider what India must do to meet its 30 GW offshore wind target. They attempt to answer this question by examining the existing situation in India regarding offshore-wind-related issues, analyzed under categories relevant to India (policy, finance, infrastructure, regulations, and environmental impacts)—and by drawing lessons from successful countries.

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