4
Apr
2023
Puranik & Fraser International gears up to support energy ventures in India
As India looks to increase offshore wind energy projects Puranik & Fraser International gears up to support energy ventures in the region with Net Zero Solutions.
India has a coastline of about 7600 km surrounded by water on three sides and has good prospects of harnessing offshore wind energy. India is targeting wind capacity additions of more than 60 GW onshore and nearly 40 GW offshore by 2030. It is also looking to seize supply chain opportunities, particularly by capitalising on the role of micro, small and medium enterprises (MSMEs) in the Indian wind manufacturing sector.
The Indian Ministry of New and Renewable Energy (MNRE) has developed a strategy and roadmap for the installation of offshore wind projects off the coast of Gujarat and Tamil Nadu. MNRE is likely to float tenders for the selection of Offshore Wind Power Developers for the Allocation of about 4 GW Sea-bed Lease Rights for Offshore Wind Power Projects Off the Coast of the State of Tamil Nadu, India of identified Offshore Wind Sub-blocks through International Competitive Bidding.
We are looking forward to attending the Offshore Wind Europe, April in Copenhagen followed by Energy Exports Conference in Aberdeen and Global Offshore Conference in London where Puranik & Fraser International led by Mukund Puranik and Hugh Fraser and will roll out its joint venture with Hugh Fraser International in the UK. Puranik & Fraser International is lining up to support clients seeking to embrace offshore wind opportunities in India.