Power Giants to Scope Offshore Wind Projects in India's Untapped Market

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According to India’s Ministry of New and Renewable Energy, the country is home to roughly 7,600 kilometers of coastline.

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They will also look to evaluate India's supply chain for offshore wind and crucial infrastructure including ports and grid connections.India's MNRE says it wants the installed capacity of"non-fossil fuels" to hit 500 GW by 2030. Despite this lofty target, the country remains reliant on fossil fuels. As of Dec. 31, fossil fuels' share of India's total installed generation capacity stood at 59.8%, according to the Ministry of Power.

In a speech delivered to The Energy and Resources Institute's World Sustainable Development Summit last week, Indian Prime Minister Narendra Modi said he firmly believed that"environmental sustainability can only be achieved through climate justice."

 

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