Ministry of New and Renewable Energy Current Affairs
The second Global Renewable Energy Investment Meeting and Expo (REINVEST- 2018) was organised by Ministry of New and Renewable Energy in Noida from October 3 to 5, 2018. It was inaugurated by Prime Minister Narendra Modi in the presence of Secretary General of United Nations Antonio Guterres. 2nd Global RE-INVEST also hosted First Assembly of International Solar Alliance (ISA) and Meeting of the Energy Ministers of Indian Ocean Rim Association (IORA) countries.
The 2nd RE-INVEST was aimed at accelerating worldwide effort to scale up renewable energy and connect global investment community with Indian energy stakeholders. It included three-day Conference on renewables, cleantech and future energy choices and expo of renewables-related manufacturers, developers, investors and innovators.
The 2nd RE-INVEST provided great opportunity to various organisations to showcase their business strategies, achievements and expectations. It also facilitated collaboration and cooperation with key stakeholders in India, which have emerged as one of the world’s largest renewable energy markets. It was attended by Ministerial Delegations from across the world, including ISA and IORA Member Countries, over 600 global industry leaders, and 10,000 delegates.
It is global platform to explore strategies for development and deployment of renewables. It was built upon success of RE-Invest 2015 and was organized by Ministry of New and Renewable Energy (MNRE). It provides international forum to established players as well as new segments of investors and entrepreneurs to engage, ideate and innovate.
The Union Ministry of New and Renewable Energy (MNRE) has declared medium (5 GW by 2022) and long-term (30 GW by 2030) targets for offshore wind power capacity addition. The offshore wind power will add new element to already existing basket of renewable energy of the country.
The target set for offshore wind power is moderate in comparison to on-shore wind target of 60 GW and its achievement of 34 GW and solar target of 100 GW by 2022. This is mainly because of challenges considering difficulties in installing large wind power turbines in open seas. Moreover, offshore wind turbines are of much larger dimensions and capacities than onshore turbines.
Globally the installation capacity of off-shore wind power is about 17 to 18 GW. It led by countries such as UK, Germany, Denmark, Netherlands & China. Recent years have witnessed fall in off-shore wind tariff in some of these markets.
MNRE had notified National Offshore Wind Energy Policy in October 2015 for this sector. Under it, Chennai based National Institute of Wind Energy (NIWE) was designated nodal agency to carry out necessary studies and surveys before final bidding of offshore wind project sites. It also serves as single window for facilitating necessary clearances required for development of offshore wind projects.
NIWE had identified southern tip of Indian peninsula and west coast with good potential for off-shore wind power. Moreover, preliminary studies were conducted are off coast of Gujarat and that of Tamil Nadu for development of offshore wind power projects. It had had installed India’s first offshore LiDAR in Gulf of Khambhat for measurement of wind resource and is collecting wind speed data from November 2017.