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Offshore wind market: On a shaky wicket, for now
Jul 26:
The Indian offshore wind market is opening up but there are lessons to be drawn from the European experience.
8The reverse auction, zero-subsidy offshore model seems to be under stress
8Most winning bidders are unlikely to make money unless electricity prices stay high
8The margins are extremely thin and unless more efficiencies can be extracted in technology, contracting and financing, the going will be tough.
8Additional cost savings of around 20% will have to be extracted till time of commissioning to ensure healthy margins.
8Clearly, these are lessons for India too
Click on Reports for more
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8The reverse auction, zero-subsidy offshore model seems to be under stress
8Most winning bidders are unlikely to make money unless electricity prices stay high
8The margins are extremely thin and unless more efficiencies can be extracted in technology, contracting and financing, the going will be tough.
8Additional cost savings of around 20% will have to be extracted till time of commissioning to ensure healthy margins.
8Clearly, these are lessons for India too
Click on Reports for more
