200 MW offshore wind project coming up: Oil majors should look into the sector
A 200 MW offshore wind energy project is coming up in India 8An offshore vessel has been hired to do the geophysical studies 8A metaocean study has been completed 8RFQs for equipment and services are expected by mid-2018 Comment:It is important for the Indian oil & gas majors to keep a close watch on the economics of offshore wind. It is already scaling up worldwide on a subsidy free basis. In the face of falling turbine and installation costs, offshore wind is expected to be viable sooner than later in India. This is one area where big investments are needed and oil majors can de-risk their high carbon portfolios by investment in big clean energy projects such as the ones which will be available offshore. Click on Report for more.