Offshore wind can play a significant role in helping India achieve its 2030 climate action plans and in responding to the rapidly rising energy demand, by offering multiple advantages such as higher plant load factors and lower variability when compared to onshore. Offshore wind can also contribute towards electricity security and is more stable over time than solar PV.
However, the costs associated with offshore wind are much higher that onshore wind and funding these projects is a challenge. Studies also show that the price of energy from offshore wind would be on the higher side.
In the second episode of the offshore wind series at The Energy Pod we discuss methods to bring down costs and financing of offshore wind projects in India. We speak to Raghauv G, Senior Manager and Kuhan Madhan, Public Policy Specialist, from Guidance Tamil Nadu, which is the Government of Tamil Nadu’s nodal agency for investment promotion and single window facilitation.
This series is anchored by Deepak Krishnan, Deputy Director, WRI India's Energy Program; edited by sound engineer Santhosh; scripted and directed by Kunal Shankar, Senior Manager for Global Strategic Communications Product, WRI.
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