High cost may take sheen off offshore wind power

The Hindu

While Tamil Nadu and Gujarat are seen as having tremendous potential for offshore wind energy, the falling onshore wind tariff has led to questions on the viability of offshore wind, whose tariff is high.

“Offshore wind projects have higher capacity and offer more stable generation profiles when compared to their onshore counterparts. However, currently, it is several times costlier than onshore wind energy,” Shantanu Jaiswal, the New Delhi-based India research head at Bloomberg New Energy Finance said.

Large commercial offshore wind projects could become a reality in India in the next 7-10 years if efforts were taken now and there were improvements in policy, technology and supply chain, he added.

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