On 3rd February 2022, the Technology Catalogue was launched by Shri Kristoffer Böttzauw, Director-General of the Danish Energy Agency (DEA), and Shri A. Balan, Member (Planning) of the Central Electricity Authority (CEA). The launch took place at a joint virtual workshop attended by approx. 100 participants and hosted by the CEA and the DEA
The launch was followed by in-depth presentations and discussions at the workshop. The Technology Catalogue gathers updated qualitative information and quantitative data on key power generation and storage technologies in India. Updated technology data is key when you need to assess the development trends in the energy sector.
In Denmark, this data has been collected in Technology Catalogues by the DEA for years. Now, the first ever Indian Technology Catalogue for power generation and storage has been published as part of the India-Denmark Energy Partnership. This data can help identify the optimal pathway to reach India’s ambitious 500 gigawatt target from non-fossil energy sources.
An exclusive section on offshore wind is included in the catalogue due to the role it is likely to play in the future Indian power system. The section provides a description of the offshore wind technology, project cycle, design concepts, and innovation / R&D trends, and outlines the advantages and disadvantages of offshore wind compared to conventional and other renewable power sources, as well as the cost development trends for the technology out to 2050.
One major driver for developing wind farms offshore rather than onshore is the improved wind resource and higher capacity factors, as well as the decreasing cost curve. Globally, offshore wind has become an increasingly competitive source of energy. Positively, the catalogue highlights that investment costs are expected to drop in India by 40% over the next 10 years. This is contingent on a substantial pipeline of offshore wind projects being developed and built.
The full Technology Catalogue can be accessed here.