NTPC, ONGC to scale-up offshore wind energy development
POWER & RENEWABLE ENERGY

NTPC, ONGC to scale-up offshore wind energy development

National Thermal Power Corporation (NTPC) Ltd and Oil and Natural Gas Corporation (ONGC) are planning to boost India's offshore wind power development, a coastline of about 7,600 km.

Last year in May, NTPC and ONGC signed a memorandum of understanding (MoU) to accelerate their renewable energy footprint.

According to the MoU, NTPC and ONGC will explore the set-up of offshore wind energy and other renewable energy projects in India and overseas. It also provided opportunities to explore sustainability, storage, E-mobility, and Environmental, Social and Governance (ESG) compliant projects.

Now, MoU assumes doubling the renewable energy capacity targets to 60 GW by 2032 by NTCP last month.

The onshore wind turbine efficiency is up to 25%, while the offshore efficiency is 50-60%, which is more efficient than onshore wind turbine efficiency given limited land resources and safety aspects, a senior official said.

Considering the 7,600 km long coastline and the expertise of ONGC in handling the operations, the association can bring a sea change in the part of clean energy, the official said.

According to the Ministry of New and Renewable Energy (MNRE), offshore wind turbines are much larger (5-10 MW per turbine) compared to onshore wind turbines (2-3 MW per turbine).

MNRE targeted to set up 5 GW of offshore wind energy installations by 2022 and 30 GW by 2030.

The wind resources assessment by the National Institute of Wind Energy (NIWE) gives the total wind energy potential at 302 GW at a hub height of 100 meters.

Out of the total wind energy potential, over 95% of commercially exploitable wind resources are concentrated in Andhra Pradesh, Madhya Pradesh, Gujarat, Rajasthan, Karnataka, Maharashtra, and Tamil Nadu.

Image Source


Also read: Hybrid, solar and wind energy projects of 9 GW to be set up soon

Also read: Wind energy sector in India to see 50% growth in the next five years

National Thermal Power Corporation (NTPC) Ltd and Oil and Natural Gas Corporation (ONGC) are planning to boost India's offshore wind power development, a coastline of about 7,600 km. Last year in May, NTPC and ONGC signed a memorandum of understanding (MoU) to accelerate their renewable energy footprint. According to the MoU, NTPC and ONGC will explore the set-up of offshore wind energy and other renewable energy projects in India and overseas. It also provided opportunities to explore sustainability, storage, E-mobility, and Environmental, Social and Governance (ESG) compliant projects. Now, MoU assumes doubling the renewable energy capacity targets to 60 GW by 2032 by NTCP last month. The onshore wind turbine efficiency is up to 25%, while the offshore efficiency is 50-60%, which is more efficient than onshore wind turbine efficiency given limited land resources and safety aspects, a senior official said. Considering the 7,600 km long coastline and the expertise of ONGC in handling the operations, the association can bring a sea change in the part of clean energy, the official said. According to the Ministry of New and Renewable Energy (MNRE), offshore wind turbines are much larger (5-10 MW per turbine) compared to onshore wind turbines (2-3 MW per turbine). MNRE targeted to set up 5 GW of offshore wind energy installations by 2022 and 30 GW by 2030. The wind resources assessment by the National Institute of Wind Energy (NIWE) gives the total wind energy potential at 302 GW at a hub height of 100 meters. Out of the total wind energy potential, over 95% of commercially exploitable wind resources are concentrated in Andhra Pradesh, Madhya Pradesh, Gujarat, Rajasthan, Karnataka, Maharashtra, and Tamil Nadu. Image Source Also read: Hybrid, solar and wind energy projects of 9 GW to be set up soon Also read: Wind energy sector in India to see 50% growth in the next five years

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?