India aims to develop 450 GW of renewable energy by 2030. In reaching the target, India and Denmark now launch a joint Centre of Excellence for Offshore Wind and Renewable Energy.
In the coming decades, India is expected to become one of the largest markets for renewable energy. The country has an ambitious target of reaching 450 GW in 2030 why a solid renewable energy mix will be needed. To ramp up the efforts, the Indian Ministry of New and Renewable Energy and the Danish Ministry of Climate, Energy and Utilities yesterday launched a Centre of Excellence for Offshore Wind and Renewable Energy as part of the India-Denmark Energy Partnership.
India’s Minister for Power and New & Renewable Energy R.K. Singh and Denmark’s Minister for Climate, Energy and Utilities Dan Jørgensen inaugurated the joint centre during a recent visit to New Delhi by the Danish minister. The vision is to become an internationally recognized, respected and leading knowledge hub working for a sustainable development of offshore wind energy in India.
A world-class knowledge hub in the making
India’s offshore wind potential will contribute to meet the Paris Agreement commitments, attract investments and growth, and create local jobs. Moreover, it will improve energy security and satisfy the need for more electrical power in a growing industrial economy. The Centre of Excellence aims to create an optimal environment for offshore wind in India. This is done through developing best practices, methods, and tools to minimize risk and reduce the overall cost of offshore projects.
Leapfrogging from the Indian-Danish energy cooperation from 2017, the Centre of Excellence for Offshore Wind will be a virtual knowledge hub based on four working groups between Danish and Indian government officials. Working together to provide the best available international knowledge to the development of the offshore wind sector in India, the knowledge hub will deep-dive into long-term energy planning as well as financing, flexibility, spatial planning, and integration of renewable energy sources.
More information and dissemination of results from the concrete work under the Centre of Excellence can be found here. The partnership is implemented in collaboration with the Indian Ministry of New and Renewable Energy and the Indian Ministry of Power.