On Monday, Tata Power said that it is collaborating with Germany-based RWE Renewable GmbH to explore the potential for joint development of offshore wind projects in India.
- Zomato Launched ‘Weather Union’ – India’s First Crowd Supported Weather Network
- Rupee Appreciated by 8 Paise, to INR 83.44 Against the US Dollar
- Happiest Minds To Fully Acquire Aureus Tech for $8.5 Million
- Patel Engineering JV Emerged L1 for a Project in Maharashtra
- Bank of Baroda Shares Surge 3% as RBI Onboarding New Customers Via App
A corresponding Memorandum of Understanding (MoU) has been signed between Tata Power Renewable Energy Limited, a 100 per cent subsidiary of Tata Power, which is one of India’s largest integrated power companies, and RWE Renewables GmbH, one of the world’s leaders in offshore wind, a Tata Power statement has said.
India is an unexplored and highly attractive market to develop opportunities for offshore wind as it has an extensive coastline of about 7,600 kilometres.