Off-Shore Wind Policy in India: Unleashing Oceans of Opportunities

Sep, 2013   |   140  Pages   |   ENINCON   |   Format : PDF

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. ENINCONs 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)

Executive Summary

1.Wind Energy in India: Status Track

1.1 Onshore Wind Energy
1.1.1 Trend in capacity addition
1.1.2 Upcoming capacity addition
1.1.3 Regulatory framework- GBI a boon, but 1.1.4 accelerated depreciation needed
1.1.5 Barriers in further development
1.1.6 Future Outlook: Shift to Offshore wind
1.2 Offshore Wind Energy
1.2.1 Draft Offshore wind policy
1.2.2 Advantage India
1.3 Benefits of Offshore Wind
1.3.1 Supply side security
1.3.2 Clean energy to address climate change
1.3.3 Maritime developments
1.3.4 Local market developments: Jobs creation
1.4 Rationale for developing Offshore wind in India
1.4.1 Shift towards clean technology sources
1.4.2 Onshore land availability for wind
1.4.3 Project clearance delays onshore
1.4.4 Offshore wind vis--vis onshore wind and conventional energy- a comparative assessment

2. Mapping Offshore wind energy Globally: Key Take-away for India
2.1 Offshore wind in Europe: Hub for offshore development
2.2 Offshore wind in North America
2.3 Offshore wind in Asia
2.4 Best practices- India can adopt

3. State Identification : Key Regions for Offshore Wind
3.1 Key regions in India
3.1.1 Tamil Nadu
3.1.2 Gujarat
3.1.3 Andhra Pradesh
3.1.4 Maharashtra
3.1.5 Kerala
3.1.6 Others
3.2 Parametric evaluation of states
3.2.1 Wind intensity
3.2.2 Policy aggressiveness for RE
3.2.3 Port and Shipping infrastructure
3.2.4 Equipment manufacturing base
3.2.5 DISCOMs/power off-taker scenario
3.2.6 Tariff realisation
3.2.7 State attractiveness index for offshore wind

4. Opportunity Assessment in Offshore Wind Value Chain
4.1 Offshore wind project know-how: Project Development- a 7-10 years long affair
4.2 Opportunity scale matrix for stakeholders
4.2.1 Project developers
4.2.2 OEM manufacturers and suppliers
4.2.3 Electrical infra
4.2.4 EPC companies
4.2.6 Transmission infra companies
4.2.7 Port and marine authorities
4.2.8 Supply chain and logistics providers

5 Opportunity Mapping for Offshore Wind Turbine Suppliers
5.1 Leading Indigenous OEMs and suppliers
5.2 Foreign turbine manufacturers and suppliers
5.3 JVs and their Indian presence
5.4 Project portfolio of leading turbine suppliers
5.5 Preparedness to supply in Indian market

6. Opportunity Mapping for Electrical Equipment Providers
6.1 Transformers and Switchgears
6.2 Sub-marine Transmission
6.3 Sub-sea cables
6.4 Offshore substations
6.5 HVDC
6.6. Leading manufacturers and Suppliers

7. Port, Shipping and Maritime Opportunity Mapping
7.1 Vessels used in Offshore wind farms
7.2 Installations vessel types
7.3 Port Infrastructure in India near potential areas
7.4 Preparedness of Indian shipping and port companies for offshore wind
7.5 Transportation cost and its impact on the CAPEX

8. Offshore Wind Economics
8.1 Key component of CAPEX
8.2 CAPEX requirement trends
8.3 OPEX components
8.4 O&M requirements and past trends
8.5 Levelised cost of Energy (LCOE)
8.6 Roadmap towards cost competitiveness
8.6.1 Market development and stability
8.6.2 Overcoming supply chain bottlenecks
Technology innovations
8.6.3 Port/vessel/grid infrastructure development
8.6.4 Risk mitigation and financing

9. Barriers and Challenges in Offshore Wind Development
9.1 Acceptability among the stakeholders
9.2 Long gestation time
9.3 Multiple Clearance requirement
9.4 Very high capex requirement
9.5 Project Financing

10. Off shore Wind Policy in India: Evaluations and Suggestions
10.1 Regulatory Framework
10.2 Market Developments
10.3 R&D and technology innovations
10.4 Transmission and grid integrations
10.5 Environmental issues

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