Suzlon’s offshore windmill pilot in Gujarat to cost Rs 6,000 crore
Wind turbine manufacturer Suzlon Energy Limited is planning to invest about Rs 6,000 crore on India’s first offshore windmill project in bay of Kutch in Gujarat. The work on the 600-Mw project, to be set up on a pilot basis, will start early next year. Suzlon is already conducting a techno-commercial feasibility study for the offshore project. However, the company is taking regulatory hurdles and policy framework into consideration, even as it plans to complete the pilot project in the next three to five years.
“Offshore windmill projects require more capex as compared to onshore ones, with investments being almost 2.5 times that of onshore. We estimate the project cost to be around Rs 6,000 crore, though it is too preliminary to talk about the financials at this moment,” said Tulsi Tanti, chairman of Suzlon Group. Tanti, however, said energy production from offshore is also double of what is produced from onshore.