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Indian-Danish cooperation in offshore wind farms

26.02.2021  12:03

Today, the National Institute of Wind Energy in India (NIWE) and The Danish Energy Agency (DEA) present the preliminary project findings of the project “Financial modelling of offshore wind farms in India” at a virtual workshop attended by over 100 participants from both private and public stakeholders in India and the international community.

India has emerged as a leading nation in the global efforts on green transition with ambitious targets on renewable energy – reaching 175 gigawatt in 2022 and 450 gigawatt in 2030. Offshore wind can be a significant contributor to these ambitious targets. The project results presented today include the first Indian offshore wind power technology catalogue, including data and cost estimates for the first Indian wind farms. Based on this, the financial estimate and benchmark have been made for the expected price of the energy production from the first wind farms in India – the levelized cost of energy (LCOE). As part of a public-private dialogue, the FIMOI results have been presented to the offshore wind sector for inputs with the aim to align expectations for the future. The results are based on the experiences, methods and tools that are used in Denmark to create a stronger foundation for the decision making of energy policy makers to develop the offshore wind sector. Within the FIMOI project, key Indian and international stakeholders in the offshore wind power sector have continuously been consulted in the collection of data and cost estimates and have provided valuable inputs.

Prime Minister Shri Narendra Modi has repeatedly stated that “Denmark has the skill, India has the scale”. This is the foundation for both the Green Strategic Partnership between the countries as well as the Indo-Danish energy cooperation, which can contribute to a cost-effective green transition in India.

Since 2018, India and Denmark have cooperated within offshore wind power. The collaboration have focused on developing the Indian offshore wind sector through a government-to-government partnership between the Indian Ministry of New and Renewable Energy, including the National Institute of Wind Energy and the Solar Energy Corporation of India, and the Danish Energy Agency.

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  • Denmark and India started their cooperation on energy in 2017, focused on offshore wind. In 2020, the collaboration was expanded to include long-term energy planning and scenarios as well as flexibility and integration of renewable energy.
  • On 28 September 2020, H.E. Mette Frederiksen, Prime Minister of Denmark and Shri. Narendra Modi, Prime Minister of India, signed a Green Strategic Partnership that deepens the Indo-Danish relationship. The partnership will contribute to speeding up the economic recovery, accelerate green growth and create new jobs after the global Covid-19 pandemic.
  • As part of the Indo-Danish cooperation on offshore wind, Ministry of New and Renewable Energy and the Danish Energy Agency are establishing a Centre of Excellence on Offshore Wind, a knowledge hub focused on the framework conditions for offshore wind in India.

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