Tata Power has collaborated with Germany-based RWE Renewable GmbH to explore the potential for joint development of offshore wind projects in India. A Memorandum of Understanding (MoU) in this regard was signed between Tata Power Renewable Energy Limited, a wholly-owned subsidiary of Tata Power, and RWE, one of the world’s leaders in offshore wind. This is in line with Government of India’s announcement of achieving 30 gigawatts (GW) of offshore wind installations by 2030.
India is an unexplored and highly attractive market to develop opportunities for offshore wind as it has a large coastline of about 7,600 kilometres. RWE and Tata Power Renewable Energy possess complementary strengths and will enable the establishment of a competitive offshore wind market in India.
Important takeaways for all competitive exams:
- Tata Power CEO: Praveer Sinha;
- Tata Power Headquarters: Mumbai, Maharashtra.