Title OTA Final Report_3.0.pdf ✅

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Table of Contents Executive Summary......................................................................................................................................1 1 Introduction...................................................................................................................................................9 1.1 India’s Climate Commitments ...........................................................................................................9 1.2 Role of OSW in India’s Energy Security.........................................................................................10 1.3 Cost Competitiveness Constraints in OSW ...................................................................................12 1.4 About the Study.................................................................................................................................14 1.5 Structure of the Report......................................................................................................................16 2 OSW Developments in India ....................................................................................................................19 2.1 India’s OSW Framework..................................................................................................................19 2.2 OSW Development Models in India ...............................................................................................24 2.3 Insights on Advancing OSW in India .............................................................................................27 3 Global Offshore Wind Models..................................................................................................................31 3.1 OSW Offtake and Revenue Mechanisms .......................................................................................31 3.2 Denmark .............................................................................................................................................32 3.3 Germany..............................................................................................................................................37 3.4 The Netherlands ................................................................................................................................40 3.5 The United Kingdom ........................................................................................................................43 3.6 China ...................................................................................................................................................46 3.7 Summary of Offtake Mechanisms in Key Markets.......................................................................49 3.8 Recommendations Based on International Learnings..................................................................51 4 Generation Profile Assessment for OSW ................................................................................................55 4.1 Overview of Study Areas .................................................................................................................55 4.2 Vortex Data for WRA........................................................................................................................57 4.3 OSW Turbines Selection for Analysis .............................................................................................58 4.4 WRA for Gujarat’s Subzone B3........................................................................................................59 4.5 Energy Production Analysis: Gujarat’s Subzone B3.....................................................................63 4.6 WRA for Tamil Nadu’s Subzones 2 and 3......................................................................................67 4.7 Energy Production Analysis: Tamil Nadu’s Subzones 2 and 3...................................................71 4.8 Comparison with Global Benchmarks............................................................................................75 4.9 Summary of OSW Resource Potential and Energy Estimates.....................................................76 5 Cost and Tariff Analysis for OSW............................................................................................................79 5.1 Global OSW Project Cost and LCoE Analysis ...............................................................................79 5.2 Review of Cost Components of Global OSW Projects .................................................................81 5.3 Tariff Estimation for Indian OSW Projects.....................................................................................82 5.4 Summary.............................................................................................................................................84 6 Offtake Opportunities in India’s Power Market....................................................................................85 6.1 State Power Demand and Purchases ..............................................................................................85 6.2 Impact of OSW Integration on APPC .............................................................................................98 6.3 Indian Power Exchanges ..................................................................................................................99 6.4 Ancillary Services Market ..............................................................................................................106 6.5 Summary...........................................................................................................................................109
7 OSW Offtake Opportunities in the Industrial Sector..........................................................................111 7.1 Sector Selection ................................................................................................................................111 7.2 Iron and Steel Sector........................................................................................................................112 7.3 Aluminum Sector.............................................................................................................................116 7.4 Mineral Oil & Petroleum (MO&P) Sector ....................................................................................120 7.5 Cement Sector ..................................................................................................................................123 7.6 Chemical Sector................................................................................................................................127 7.7 Textile Sector.....................................................................................................................................131 7.8 Data Centers .....................................................................................................................................135 7.9 Solar Cell Manufacturing...............................................................................................................140 7.10 Green Hydrogen ..............................................................................................................................143 7.11 Summary and Recommendations .................................................................................................146 8 Strategic Role of OSW..............................................................................................................................149 8.1 India’s Electricity Demand and Energy Transition ....................................................................149 8.2 Power Sector Decarbonization.......................................................................................................150 8.3 OSW as a Replacement for Coal Power........................................................................................152 8.4 Capacity Value Addition ................................................................................................................155 8.5 Conclusion........................................................................................................................................157 9 Recommendations ....................................................................................................................................159 9.1 Pathway for OSW Power Offtake in India ...................................................................................159 9.2 Recommendations ...........................................................................................................................161