Tata Power and Germany-based RWE Renewables GmbH have joined hands to explore the potential for joint development of offshore wind projects in India.
An Memorandum of Understanding (MoU) in this regard was signed between Tata Power Renewable Energy Limited, a wholly-owned subsidiary of Tata Power, and RWE, one of the world’s leaders in offshore wind.
The collaboration comes after the Indian Government set a target of installing 30GW of offshore wind power capacity by 2030 to meet the country’s growing energy demand.