Market to Watch: Offshore Wind in India – Key policy advances can lead to rapid gains for the sector

Onshore wind energy currently stands as the second largest renewable energy sources in India – the world’s third-largest producer and fourth-largest consumer of electricity. Aiming to ensure energy security through the country’s Low Carbon Emission Pathways, there is a clear need for renewables to play a bigger role in diversifying its energy mix, not only to limit the effects of global warming, but also to reduce pollution, create new economic opportunities, and achieve Prime Minister Modi’s vision of ‘Atma Nirbhar Bharat’, or a ‘Self-reliant India’.

The Time to Act is Now: Statement on Offshore Wind in Vietnam’s Power Development Plan 8

Among other technologically mature renewable energy technologies, offshore wind offers Vietnam a scalable, indigenous, clean and affordable source of electricity. There is an urgent need to differentiate intertidal projects from true offshore, as the two technologies are very different from each other, from the turbines employed and the foundation design, to the scale of the electricity output, cost profile and risks involved in the development of the projects. This paper is focused on various challenges and regulatory needs of the true offshore wind sector in Vietnam.

Market to Watch: China’s Offshore Wind Industry Post-2021

From its first 102 MW Donghai Bridge Wind Farm near Shanghai commissioned in 2010, China has since been busy building swathes of turbines at sea with nearly 7 GW of capacity already installed as of December 2019. While China is considered a late bloomer in the offshore wind industry, it is expected to surpass offshore wind pioneers like Germany and the UK in terms of cumulative installations by as early as this year.