Tamil Nadu’s $ 10 billion green energy island to receive aid in Denmark
With Tamil Nadu looking to expand its green energy footprint, the state is expected to see an investment of $ 5 billion to $ 10 billion in the renewable energy sector with a Danish stake, including an energy island in the Gulf of Mannar. The island can produce 4 to 10 Gw.
A delegation of Danish experts, led by Energy Minister Dan Jorgensen, met Chief Minister MP Stalin on Wednesday. If it comes to fruition, the project will be India’s first floating offshore wind farm. The Gulf of Mannar lies between the west coast of Sri Lanka and the southeastern tip of India.
It comes days after the Tamil Nadu Generation and Distribution Corporation (Tangedco) announced plans to offer 20,000 Mw of solar power projects with adequate battery storage, 3,000 Mw of pumped storage hydropower projects and 2,000 Mw of gas supply units in the next 10 years. These projects are expected to require loans of around Rs 1.32 trillion.
The Danish delegation included Ambassador Freddy Svane and Asser Rasmussen Berling, head of the energy department, representatives of 18 Danish companies, the ministry and chambers of industry.
In March, Svane visited Chennai and spoke with N Muruganandam, Principal Secretary (Industries) and other officials.
“Important talking points included the creation of a center of excellence for offshore wind energy in Chennai, the vision of an energy island – an offshore wind farm in the Gulf of Mannar and an immediate plan of action for climate change by the government of Tamil Nadu, âone government official said.
Some important Danish companies in Tamil Nadu are Vestas, Cubic, Maersk, Grundfos, FLSmidth and Danfoss.
The value of Danish investments in Tamil Nadu between January 2003 and January 2021 is estimated at $ 751.72 million. Companies that have marked their presence in other parts of India are Novo-Nordisk, AP Moller Maersk and Ramboll. Over the past decade, Denmark has invested over $ 1 billion in the country. About 200 Danish companies operate in India.
Indian companies present in Denmark include Tata Consultancy Services, Infosys Technologies, ITC Infotech and L&T Infotech.
During a visit by Foreign Minister S Jaishankar to Copenhagen, a key point of the discussion was the green strategic partnership and health.
It was the first visit by an Indian Foreign Minister to Denmark in 20 years. Jaishankar had met the general managers of Grundfos, Vestas, Maersk, Haldor, Topsoe and CIP. The UK government recently announced that it will invest around $ 1.2 billion in India’s renewable energy space through public and private participation.
India has aligned a plan of around 450 Gw of renewable energy by 2030. Several industry majors like Reliance Industries and Adani Group have announced their role in this project.