Bharat Book Presents : Off Shore Wind Policy in India Unleashing Oceans of Opportunitie

To know more : http://www.bharatbook.com/oil-and-gas-market-research-reports/off-shore-wind-policy-in-india-unleashing-oceans-of-opportunities.html Offshore wind is an emerging industry, which mainly has tasted success in Europe. Further, with land acquisition and environmental clearances issues onshore, offshore wind farms are fast emerging as preferred choice for developers globally. Offshore wind development started in early 1990s. Since then, the sector has grown significantly with total installed capacity reaching 5410 MW as on January 2013. European Union is the leader in offshore development with installed capacity of 4995 MW. Further, an additional 3300 MW of capacity is under construction, scheduled to be commissioned by 2014. The offshore wind farms generates more energy than the onshore farms as the wind that blows over the ocean are much more stronger and have consistent wind velocity. As a result offshore wind farms at times do reach capacity factor of up to 50%. Further the unit sizes of turbines are much higher in offshore, resulting in high capacity installations and maximum utilisation of resources. However, with these advantages, there are certain big challenges, which the industry as a whole needs to overcome. First of all, the capital cost of developing offshore wind farms is at least 4 times higher than the onshore counterpart. Wind Offshore Development-ADVANTEDGE India:-India's long coastline of 7500 KM offers significant potential for developing offshore wind farm assets. The preliminary study has suggested that, coastline along Kerala, Goa, Karnataka, Tamil Nadu and Gujarat has good potential feasible for offshore wind development. The coastline along Kanyakumari and Rameshwaram alone has potential of about 1 GW each. India is likely to have commissioned in the range ~ 3-5 GW, by 2025. In order to harness this potential, MNRE has recently announced the draft offshore wind policy and is in the process of releasing the formal policy. Keeping these developments in milieu, ENINCON in its upcoming Fact Factor report "Offshore Wind Policy in India: Unleashing Oceans of Opportunities" attempts to identify and quantify the underlying opportunities for the stakeholders across the value chain. ENINCON's preliminary research has indicated that there would be combined investment opportunity of $20 billion by 2025 for wind turbine manufacturers (~$6 billion), electrical equipment suppliers (~$2 billion), EPC contractors (~$4 billion), O&M providers (~$4 billion), port and logistics companies (~$4 billion) and project management consultants (~$2 billion)