The Indian Minister of New & Renewable Energy (MNRE) plans to build 30 GW of offshore wind capacity by 2030. In April 2018, the Indian government invited interested bidders to submit expressions of interest (EoI) in India's first offshore wind auction, which concerned an area in the gulf of Khambat on the coast of Gujarat. The MNRE estimates that offshore wind has become globally competitive in terms of tariffs and plans to develop 1,000 MW wind offshore project in the region. Several renewable energy players have been shortlisted, including in particular Engie, Sembcorp Green Infra, ReNew Power and Mytrah Energy.
India had initially set a terget to achieve 5 GW of wind power capacity by 2022 - renewable energy target of 175 GW by 2022- and the offshore wind resource base makes for a strong case even if high upfront investment is required. However, the success of the project and the potential associated ventures is expected to depend on whether the sector will be subsidised or not.
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