Gujarat,SEP 18
A thoughtful CEO Roundtable on Harnessing Offshore Wind Energy in Gujarat was organized at the Mahatma Mandir Convention and Exhibition Centre, Gandhinagar, Gujarat, on 17th September 2024. The roundtable, organized on the sidelines of the 4th edition of the Global Renewable Energy Investors’ Meet and Expo (RE-INVEST 2024), brought together key government officials, industry leaders, and international experts to discuss the development of offshore wind energy in Gujarat. The roundtable focused on strategies to harness Gujarat’s immense offshore wind energy potential, leveraging its 1,600 km coastline and well-developed port infrastructure. The roundtable was chaired by Bhupinder Singh Bhalla, IAS, Secretary, Ministry of New and Renewable Energy (MNRE), Government of Gujarat and moderated by Alp Gunesever, Special Advisor at the Danish Energy Agency. Senior officials from both government and industry exchanged thoughts, had in-depth discussions, and fostered partnerships among key stakeholders.
The session opened with an address by Government of Gujarat, highlighting key milestones, including securing Viability Gap Funding for 500 MW of offshore wind projects along the Pipavav coast and approval for seabed blocks to develop 10 GW of offshore wind parks in Gujarat.Commenting on this CEO Roundtable, Shri Bhupinder Singh Bhalla, IAS, Secretary, Ministry of New and Renewable Energy (MNRE), Government of Gujarat, said, “With its impressive 1,600-kilometer coastline, Gujarat is strategically positioned to become a hub for offshore wind energy sector in India. Favourable wind speeds and water depths make Gujarat an ideal location for large-scale offshore wind farms. Offshore wind energy is likely to play a pivotal role in helping India achieve its target of “500 GW by 2030” and “Net Zero by 2070″ and Gujarat is poised to emerge as a key player in the offshore wind energy. The Central government has already identified potential offshore wind blocks off Gujarat’s coast, with a potential of 32-35 GW of wind energy. This development aligns with Gujarat’s goal of achieving 100 GW of installed RE capacity by 2030, contributing significantly to the nation’s clean energy portfolio.” The event saw active participation from prominent organizations such as the Danish Energy Agency, NIWE, CEEW, Suzlon, Vestas, Vena Energy, PowerGrid, Aran Power, L&T, Essar, and IIM-A, with discussions centred on site identification, the importance of detailed techno-feasibility and climate studies, and the necessary transmission infrastructure for offshore projects.
The session discussed about the Government of India recently approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects, with a financial allocation of Rs. 7,453 crore. Additionally, incentives such as ISTS waiver and enhancement of port infrastructure for offshore wind logistics are being introduced to stimulate growth in the sector. With centrally approved Viability Gap Funding (VGF) for 500 MW of offshore wind projects, Gujarat is set to develop the first of its kind offshore wind projects in India.
