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MOU Signed for First Ever Offshore Wind Power Project in India

| Editor: Dominik Stephan

India boost the share of renewable energies
India boost the share of renewable energies (Picture: PROCESS India)

The Government of India is keen on having an environmental-friendly power generation methods. As a result of this, a memorandum of understanding (MoU) has been signed to set up a joint venture company towards undertaking the First Demonstration Offshore Wind Power Project in the country along the Gujarat coast.

New Delhi/India - ThisMoU has been signed by Ministry of New and Renewable Energy (MNRE), National Institute of Wind Energy (NIWE), and Consortium of partners consisting of National Thermal Power Corporation (NTPC), Power Grid Corporation of India Ltd (PGCIL), Indian Renewable Energy Development Agency (IREDA), Power Finance Corporation (PFC), Power Trading Corporation (PTC), and Gujarat Power Corporation (GPCL).

The joint venture company will undertake detailed feasibility study based on the inputs received from pre-feasibility studies and necessary steps for implementation of the first offshore demonstration wind power project.

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