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Investors - MARCH 15, 2019

JV partners for upcoming projects in the emerging Indian offshore wind sector

by Jody Barhanovich

Offshore Wind Consultants Ltd. (OWC) and Tata Consulting Engineers Ltd. (TCE) have signed an agreement to partner up for upcoming projects in the emerging Indian offshore wind sector.

Under the agreement, OWC and TCE will combine its powers to deliver engineering and project management services to Indian offshore wind developments.

OWC, which is part of Oslo-listed energy consultancy group Aqualis ASA, is an independent engineering consultancy focused on the development and realization of offshore renewables technology and projects.

In 2018, the Indian government defined some highly ambitious future goals for its domestic offshore wind capacity, with plans to launch the leasing of 1 gigawatt of prospective capacity off Gujarat later this year.

“We believe we can play an important part in assisting India realize this. We have been involved with offshore wind developments all over the world and our partnership with a major domestic company such as TCE will give international and local developers looking to this market their required range of technical and project management consultancy support to first bid successfully, then develop and realize their offshore wind projects in India,” says John MacAskill, business development director at OWC.

TCE is an engineering consultant operating in the sectors of energy, infrastructure and process. TCE has engineered more than 140 gigawatts of aggregate installed energy (thermal, nuclear, hydro and renewables) capacity across the globe.

India is poised to increase its energy consumption due to demographic expansion plus increased urbanization and demand for mobility. Offshore wind is expected to be part of this solution. Last summer, India set a goal of adding 5 gigawatts of offshore wind capacity by 2022 and 30 gigawatts by 2030. An expression of interest for the country’s inaugural offshore wind park near Gujarat, issued in April 2018, attracted 35 responses from both domestic and international companies and consortia.

 

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