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India’s Tamil Nadu is “in pole position” to be a major player in the country’s clean technology growth story, with the potential to deliver up to EUR 72 billion in economic growth and create an additional 805,000 jobs within the offshore wind manufacturing supply chain by 2030, according to a new analysis. Launched by Ocean Energy Pathway (OEP) with support from the Global Wind Energy Council (GWEC) and COWI, the analysis shows that achieving India’s target of 37 GW of offshore wind by 2030 will bring substantial social and economic benefits to the country as a whole, and Tamil Nadu in particular. India has the potential for 91 GW of fixed-bottom offshore wind along its coastline, according to the World Bank. Tamil Nadu stands out due to high speeds, shallow seabed depths, and proximity to industrial hubs, which already represent 46 per cent of the country’s total capacity for manufacturing offshore wind turbines. The study said that Tamil Nadu has a significant opportunity to become a major hub for offshore wind manufacturing, leveraging its existing industrial base and skilled workforce. According to the analysis, government commitment, financial incentives, and supportive policies are crucial to attracting investment in India’s offshore wind sector. “This report shows that there are tangible opportunities to supercharge the stellar growth that Tamil Nadu has enjoyed in manufacturing, through a strategic focus on offshore wind,” said Charles Ogilvie, Executive Director of OEP. |
