全球風(fēng)能大會(huì)-泰米爾納德邦風(fēng)能路線圖-利用凈零機(jī)會(huì)（英）-2022.12-64正式版

每日免費(fèi)獲取報(bào)告1、每日微信群內(nèi)分享7+最新重磅報(bào)告；2、每日分享當(dāng)日華爾街日?qǐng)?bào)、金融時(shí)報(bào)；3、每周分享經(jīng)濟(jì)學(xué)人4、行研報(bào)告均為公開版，權(quán)利歸原作者所有，起點(diǎn)財(cái)經(jīng)僅分發(fā)做內(nèi)部學(xué)習(xí)。掃一掃二維碼關(guān)注公號(hào)回復(fù)：研究報(bào)告加入“起點(diǎn)財(cái)經(jīng)”微信群。。DISCLAIMERCOPYRIGHT?DECEMBER2022Thisdocumentcontainsforward-lookingstatements.Thesestatementsarebasedoncurrentviews,expectations,assumptionsandinformationofGWECandtheAuthors.GWEC,theAuthorsandtheiremployeesandrepresentativesdonotguaranteetheaccuracyofthedataorconclusionsofthiswork.Theyarenotresponsibleforanyadverseeffects,lossordamageinanywayresultingfromthiswork.PERMISSIONSANDUSAGEThisworkissubjecttocopyright.Itscontent,includingtextandgraphics,maybereproducedinpartfornon-commercialpurposes,withfullattribution.ATTRIBUTIONTamilNaduWindEnergyRoadmapHarnessingNetZeroOpportunities.GlobalWindEnergyCouncil.2022.AUTHORSThisreportwascommissionedbytheGlobalWindEnergyCouncilandauthoredbyDeloitte.TheleadauthorsofthisreportwereTusharSud,ChandraBoreddy,SreeramPethi,AunKA,VenkatNadella,andIshaGulavaniofDeloitte.ACKNOWLEDGMENTSThisreportwaseditedbyMartandSharduloftheGlobalWindEnergyCouncilandSushmitaGhosh.ThisworkreceivedcontributionsfromJoyceLee,FrancisJayasurya,AnjaliLathigara,AlexBath,DemitraAlexandrou,andBhagyashriVibhandik.Wearegratefultothefollowingindividualsandorganisationasfortheirinputtothisreport:DepartmentofEnergy,GovernmentofTamilNadu;DepartmentofIndustries,GovernmentofTamilNadu;GuidanceTamilNadu,GovernmentofTamilNadu;MinistryofNewandRenewableEnergy;NationalInstituteofWindEnergy;IndiaOnshoreWindWorkingGroupMembers;IndiaOffshoreWindWorkingGroupMembers;WindsectorstakeholdersinTamilNaduandseveralagenciesthathaveparticipatedinstakeholderconsultation.IMAGECREDITSGWEC&PartnersDESIGNPaperPlay,NewDelhi.FOREWORDAsIndia’swindpowerandmanufacturinghub,TamilNaduisafocalpointofthewindindustryinAsia.Withover100GWofwindenergygenerationpotentialacrosstheonshoreandoffshorewind,itisimperativeforthestatetocontinueharnessingitsnaturallyandabundantlyavailablecleanenergyresourcestomeetitsclimateandenergyambitions.Withthispotentialahead,GWECisproudtounveilthe“TamilNaduWindEnergyRoadmap:HarnessingNetZeroOpportunities”,developedwithsupportfromtheSEDFundandjointlyauthoredwithDeloitte.ThisRoadmapidentifieshigh-impactandconcreteopportunitiestoincreasethedemandandsupplyofwindenergyinthestate,inthecontextoftheGovernmentofTamilNadu’spioneeringendeavoursforadvancingclimateactionanddecarbonisingitseconomy.AshometoIndia’s51%ofcaptivewindand17%captivesolarcapacity,TamilNaduhassetimportantbenchmarksfortherestofthecountry.Butfurtheringtheshareofrenewableenergyintheelectricitymix,enactingrapiddecarbonisationofmanufacturingactivityandexploitingthepotentialforgreenhydrogenandgreenammoniaproductionrequiresgoingbeyondabusiness-as-usualapproach.Thecurrentprojectedcompoundannualgrowthrateof6%forwindcapacityadditionswillonlygrowTamilNadu’swindfleetbythreetimesfromnowto2030–thiswillbeinsufficienttoaccomplishthekindofeconomicandsystemtransformationthatisneeded.Buildingupontherecommendationsinthislandmarkroadmap,itwillbepivotalforTamilNadutoundertakeacombinationofinstitutionalregulatoryreforms,thecreationofenablingpolicyframeworks,upgradesandadditionstoexistingpowerandtransmissioninfrastructureandswiftinterventionstoboostdemandandsupplyforrenewableelectricity.ItwillalsobenecessarytoBENBACKWELLCEO,GlobalWindEnergyCouncil

implementarobustandcomprehensivetoolformeasuringandreportingprogresstoensurethatthestateremainsontrackforitsclimateandenergygoalswhilecontinuingtoattractsustainableinvestmentinpathbreakingsectorslikewindenergyandmanufacturing.IconveymyappreciationtoHEThiruMKStalin,Hon’bleChiefMinisterofTamilNadu,forhisleadershiponclimateplanningtodate,andalsorecognisetheinstitutionalisationofTamilNaduGreenClimateCompanyandTamilNaduGoverningCouncilonClimateChange(GCCC)aspositivestepsinthestate’spathwayfortransformation.GWECstandsreadytocontinuesupportingtheGovernmentofTamilNaduandrelatedstakeholdersinscalinguponshoreandoffshorewindpowergenerationandbuildingathrivingsupplychainfortheregioninthefuture.4LEADERSSPEAKTamilNadu’sprogressiveinvestmentpoliciescontinuetorecognizethehighpotentialoftherenewableenergysector,includingwindenergy,anditsinterlinkageswiththestate’sambitionsfortradepromotion,givingaboosttomanufacturingandenhancingtheinvestmentclimate.

TMTPOOJAKULKARNI(IAS)MDANDCEO,GUIDANCETAMILNADU,GOVERNMENTOFTAMILNADUBlessedwithabundantrenewableenergyresources,richexperience,andagrowingappetiteforgreenpower,TamilNaduisthelandofopportunities.Thestate’sclimateambitionsverywellrecognizethepivotalroleofrenewableenergy,includingwindenergy,thathasadominantshareinboththeinstalledrenewableenergycapacityandtheassessedpotential.Harnessingthefullpotentialandcomplementarityofwindandothercleanenergyresourcesisnecessarytocreatenewavenuesforinvestments,includinginemergingareassuchasgreenhydrogenandoffshorewind.Allofthesewillcontributesignificantlytosocio-economicgrowthinthestateandthecountry.

SUMANTSINHACHAIRPERSON,GWECINDIAANDCEO,FOUNDERANDCHAIRMANOFRENEWPOWER56CONTENTSExecutiveSummary13Objective&Methodology18GlobalEnergyTransition20EnergyTransitioninIndia21TamilNadu:Economy24TamilNadu:ClimateAction25TamilNadu:PowerContext26TamilNaduWindMarketPotential29HighImpactOpportunities(HIOs)30HighImpactOpportunity1:TransitiontoRenewableEnergyGeneration31Priority1:OnshoreWind31Priority2:OffshoreWind31Priority3:Repowering31Priority4:NearshoreWind33Challenges&Recommendations34Socio-economicbenefitsofWindforTamilNadu35HighImpactOpportunity2:WindManufacturing36WindManufacturingRecommendations38WindManufacturingPark38HighImpactOpportunity3:GreeningofManufacturing40Recommendation:HybridPolicy43HighImpactOpportunity4:TransitioninHardtoAbateSector45HighImpactOpportunity5:GreenTransitionTrackerforAttractingNewAgeFinance477KeyEnablers48TransmissionInfrastructure48FinancingEcosystem48LabourandSkills50ImmediateActionPoints51MediumTermActionPoints51Annexures52AnnexureI:ScenarioAnalysis52AnnexureII:CaptiveCapacityandtheShareofRenewableEnergyinTamilNadu55AnnexureIII:NetZeroStrategiesAdoptedbyMajorC&IPlayers56AnnexureIV:SkillAreasfortheSuccessofWindIndustry57AnnexureV:Governmentinitiativestowardspromotinggreenpower58AnnexureVI:RationaleforHydrogenDemandEstimation59AnnexureVII:India’sTradeSurplusfromWindExports608FIGURESFigure1:Globalrenewableenergyinstalledcapacityadditiontrend20Figure2:India’selectricitygenerationinstalledcapacitymixasofOctober202221Figure3:India’sgrowthofinstalledcapacityandenergygeneration22Figure4:TariffTrends22Figure5:Estimatedshareoftotalinstalledcapacityby203022Figure6:TamilNaduisahighlyindustrialisedstate24Figure7:NeedforEnergyTransition25Figure8:SupplydemandscenarioinTamilNadu26Figure9:InstalledCapacityMixinTamilNadu27Figure10:PowersalemixinTamilNadu27Figure11:TamilNaduInstalledandPlannedCapacity27Figure12:ProjectedC&IDemand28Figure13:TamilNaduprojectedelectricityrequirement28Figure14:SummaryofEstimatedCases29Figure15:HIOs30Figure16:HIO1priorityareas31Figure17:WindInstalledCapacitytrends31Figure18:WindChallenges34Figure19:WindRecommendations35Figure20:Investmentpotentialofwindcapacityadditions35Figure21:Impactondirectjobs35Figure22:Impactonindirectjobs35Figure23:ImpactonGDP36Figure24:Impactonwatersaved36Figure25:EmissionsMitigatedinMT35Figure26:ManufacturingPark(Illustrative)38Figure27:RecommendationsonWindManufacturing389Figure28:CaptiveDemand40Figure29:ShareofC&IinTotalSales40Figure30:ResourcewiseCaptiveInstalledcapacity40Figure31:ProjectedC&IDemand41Figure32:Hybrid&RTCTariffTrend43Figure33:TANGEDCOPowerPurchaseCost44Figure34:PotentialofTamilNadutobeGreenHydrogenhub45Figure35:AttractingNewAgeFinancing47Figure36:FinancingTrendsinRE48Figure37:Skillsrequiredatvariousphasesofwindproject50Figure38:Skilldevelopmentinstitutes/trainings/initiativesgloballyandinIndia50Figure39:ScenarioAnalysisforWindGeneration52Figure40:ApproachforEstimatingWindCapacityAddition52Figure41:ImpactAnalysisofBasecaseEstimation53Figure42:Estimatedwindcapacityaddition54Figure43:Cumulativewindcapacityaddition54Figure44::Splitbetweencapacityaddedinbasecase54Figure45:Splitbetweencapacityaddedinhighcase54Figure46:Splitbetweencapacityadded-LowCase5410ABBREVIATIONSAbbreviationsDescriptionC&ICommercial&IndustrialCAGRCompoundedAnnualGrowthRateCEACentralElectricityAuthorityCUFCapacityUtilizationFactorDISCOMSDistributionCompaniesEHSEnvironment,HealthandSafetyEPSElectricPowerSurveyESGEnvironmental,Social,andGovernanceFOWINDFacilitatingOffshoreWindinIndiaFYFiscalYearGDPGrossDomesticProductGSVAGrossStateValueAdditionGWGigawattIEAInternationalEnergyAgencyIREDAIndianRenewableEnergyDevelopmentAgencyLtd.IRENAInternationalRenewableEnergyAgencykWhKilowattHourMNREMinistryofNewandRenewableEnergyMoPMinistryofPowerMoUMemorandumofUnderstandingMUMillionUnitsMWMegawattNBFCNon-BankingFinancialCompanyNIWENationalInstituteofWindEnergyNRDCNationalResearchDevelopmentCorporationNSDCNationalSkillDevelopmentCorporationO&MOperationsandMaintenanceOEMOriginalEquipmentManufacturerR&DResearch&DevelopmentRERenewableEnergyRECRenewableEnergyCertificateRPORenewablePurchaseObligationRTCRoundtheClockSECISolarEnergyCorporationIndiaLtd.TANGEDCOTamilNaduGeneration&DistributionCompanyLtd.TNTamilNadu1112EXECUTIVESUMMARYTamilNaduisoneofthepioneerstatesforrenewableenergyinIndia.Thestatehasamajorroletoplayinfulfillingthecountry’scommitmentstowardsclimatechange.Indiahassetanambitiousclimateambition.AspertheClimateTransparencyReport2021,IndiawastheonlyG20countrythatwasontracktomeet2-degreegoalundertheParisAgreement.AttheConferenceofParties(COP26)in2021,thecountryfurtherraiseditsambitions—500GWofnon-fossilenergycapacityby2030andmeeting50percentofitsenergy1requirementsfromrenewableenergyby2030.Indiaalsoaimstoachieveitsnet-zerogoalsby2070.Ithassteadilybecomeamajormarketforrenewableenergy(RE)andranksfourthgloballyintermsofinstallationsforbothsolarandwindenergy.Thecountryhascommittedtoharnessing50%ofitselectricityrequirementfromREby2030.2Favourablepolicyandregulatoryenvironment,coupledwithcompetitiveREtariffs,havebeeninstrumentalintherapidriseofREinthecountry.TamilNadu,beingamajorindustrialhubandthesecondlargestcontributortoIndia’sGrossDomesticProduct(GDP),hasacrucialroletoplayinfulfillingIndia’sclimatechangecommitments.Thestateisresponsiblefor8%ofIndia’spowerdemandandranksthirdinthetotalinstalledpowergenerationcapacity.3,4Withseveralautomobileparks,textileparksandfoodparks,itisthemostindustrializedstateinIndia.5ThestatehasshownrapidproliferationofElectricVehicles(EVs)inrecentyearsandaimstoachieve30%EVsinCEA,DraftNationalElectricityPlan,2022,detailsavailableathttps://cea.nic.in/wp-content/uploads/irp/2022/09/DRAFT_NATIONAL_ELECTRICITY_PLAN_9_SEP_2022_2-1.pdfCEA,DraftNationalElectricityPlan,2022,detailsavailableathttps://cea.nic.in/wp-content/uploads/irp/2022/09/DRAFT_NATIONAL_ELECTRICITY_PLAN_9_SEP_2022_2-1.pdfCEAGeneralReview2021,detailsavailableathttps://cea.nic.in/wp-content/uploads/general/2020/General_Review_2021.pdfGuidanceTamilNadu,detailsavailableathttps:///DIGIGOV/index.jspReserveBankofIndia’s(RBI)seventheditionofitsannualreportHandbookofStatisticsonIndianStates2021-22

thetotalvehiclesaleby2030,6whichwillfurthercontributetoitselectricitydemand.FosteringthetransitionfromthermaltoREgenerationisamustAlthoughTamilNaduisthesecondlargestcontributortoIndia’sGDP,itrankseighthamongallthestatesinemissions.Thestateisestimatedtocontributenearly5%or~172.84MTCO2eofthenation’semissions.Outofthis,approximately50%oftheemissionsareattributabletoelectricitygenerationalone.7Asaclimatechampion,thestatehasalreadybeenundertakingpioneeringinterventionsaspartofitsclimateambitions.Byfurtherincreasingtheshareofrenewableenergyinitselectricitygenerationmix,TamilNaduhasthepotentialto(further)bringdownthecarbonfootprintofelectricitygeneration.Existingplansforpowergenerationcapacity(over35GW)additionprioritizessolar,storage,pumpedhydro/hydroandthermalprojects.Despitewind’s84%shareinthestate’srenewableenergypotential,thereisnoplanforwindcapacityaddition.8With9.6GWofinstalledwindcapacity,TamilNaduisthewindpowerhouseinthecountry.However,ithasaddedlessthan400MWofwindpowercapacityin4outofthelast5financialyears.Inadequatedemandforwindpowerhasledtomanufacturersraisingconcernswhohavemadehugeinvestmentsinsetting-upmanufacturingunits.Itisestimatedthataminimumof5GWofannualwindcapacityadditioninthecountryisneededtocutbusinessriskofwindmanufacturersandtobeabletoenhancethecompetitivenessofwindpowergeneration.Asperthecentralgovernment’sdraftpolicyforrepowering,TamilNaduappearstohave4GWofcapacitythatstandsaseligibleforrepowering.9However,anactualpotentialcanonlybeascertainedafteraTamilNaduEVPolicy,2019,detailsavailableat/wp-content/uploads/2021/09/1-d912b949e0-1.webpIndiaGHGPlatform,detailsavailableat/economy-wide/PolicyNote2022-2023oftheEnergyDepartmentoftheGovernmentofTamilNaduMNREDraftRepoweringPolicy,2022,detailsavailableathttps://.in/img/documents/uploads/file_f-1666005996212.pdf13groundsurveyisadministered.Thestatemayalsoexplorethepossibilityofadvancingtheuptakeofrepoweringamongcaptive/groupcaptiveusersbyfacilitatingaccesstolow-costfinance.Further,35GWofoffshorewindpotentialoffthecoastofTamilNaduhasalreadycaughttheeyesofprospectiveinvestorsandgovernmentagencies.Thereisamuchhigherinvestmentandjobcreationpotentialinoffshorewindascomparedtootherrenewableenergyprojects.Hence,thestategovernmentprioritizethecreationofanenablingenvironmenttoattractandsupporttheoffshorewindindustry.Thisendeavourmightrequiresynergisticpartnershipswithmulti-lateraldevelopmentbanksandotherfinancialinstitutionsforattractinginnovativeandlow-costfinancingtosupport—interventionsforcapacitybuildingandstrengtheningpolicyandregulatorymeasures,projectriskmitigation,andinfrastructuredevelopmentincludingportupgradation.Inaddition,buildingonbest-practicefromVietnam,thestatemayconsiderpartnershipopportunitieswiththeNIWEtoexplorenear-shorepotential.Mostimportantly,thestateandcentremayidentifycommongroundforbenefitssharingandclosecoordination.Harnessingfull-potentialofrenewableenergyresourcesisbecomingenormouslyimportantTamilNadu’spowerdemandisprojectedtoincreasebyCompoundedAnnualGrowthRate(CAGR)of6%inthecomingdecade.Itspeakdemandisexpectedtogrowbyaround30%inthenextfiveyears,thatisby2027.10ThemajorpartoftheincrementaldemandislikelytobemetthroughREcapacityadditions.TamilNaduElectricityRegulatoryCommission(TNERC)hassetanRPOtargetof41%by2030,11whichisslightlylowerthantheMNREsuggestedRPOtargetof43%.ConsideringthattheshareofRE20thElectricPowerSurveyReport,detailsavailableathttps://cea.nic.in/wp-content/uploads/notification/2022/11/20th_EPS____Report___Final___16.11.2022.pdfTamilNaduElectricityRegulatoryCommission,RPORegulations,2020,detailsavailableatTNERC_RPO_Order_12082020.pdf(recregistryindia.nic.in)

generationinthestateisaround~18%12oftheoverallgenerationmix,whichishigherthantheall-IndiaREgenerationshareof11%,itcouldconsideranRPOtargethigherthanassuggestedbytheMNRE.Nevertheless,astheshareofREintheoverallgenerationmixincreases,thestateshallrequiredispatchableREtomaintaingridstability.TheintermittencyassociatedwithREstillposesachallengeformaintaininggridstability.Thus,toensuregridbalancing,energysecurityandcleanenergytransition,abasketofrenewableenergysources,includingwindenergy,mustbeharnessedtoitsfullpotential.Thestatehas124GWofwindpotentialoutofwhich103GW(68GWofonshoreand35GWofoffshorewind)iswindenergyand17GWissolarenergy.Sofar,onlyone-tenthofthestate’swindpotentialandone-thirdofitssolarpotentialhasbeenharnessed.GreeningofthemanufacturingsectorcatalyzesconsumptionofgreenpowerandboostseconomicgrowthopportunitiesWhileTamilNaduishometoIndia’s51%ofcaptivewindinstalledcapacityand17%ofcaptivesolarinstalledcapacity,italsostations27%ofthecountry’scaptivethermalgenerationcapacity.NewandemergingpowerdemandcentressuchasdatacentresandelectricmobilityhavebeengrowinglyfoundtobemagnetsforREpowerconsumption.AsthegatewayofopportunitiesinsouthernIndia,TamilNaduisalreadywitnessingahugesurgeinfreshinvestmentsintheseareas.Meetingreliableand24x7and365daysofgreenpowerrequirementsintheseindustrysegmentswouldrequireinnovativetendersthatpromiseahighercapacityutilizationfactor(CUF)andround-the-clock(RTC)availability.Owingtotheunavailabilityofthestate’sownRTCgeneration,servingsuchaneedinthelongtermwouldbecomedifficult.SeveralstatesinIndia,suchasKarnataka,RajasthanandGujarat,havealreadylegitimizedtheirwind-solarhybridpolicy.ThisallowsthemtoattractinnovativeRTCprojects.TamilNaduCEA,MonthlyRenewableEnergyGenerationReport(March2022),detailsavailableatRE_Generation_Report_Oct__2022.pdf(cea.nic.in)14mustintroduceanenablingpolicyandregulatoryframeworktoharnessRTCprojects.ThroughapartnershipbetweentheIndustryDepartmentandtheEnergyDepartmentoftheGovernmentofTamilNadu,thestatemayintroducea“GreenPowerMarketplace”duringforthcomingeditionsoftheinvestorsummit.Also,phase-wisetargetsforinvitinginvestmentsanddetailedprojectreportsthathaveanetzeroplan(alongwithbudgetedfinancialallocations)mustbeprioritizedbythestategovernment.Theseendeavourscouldfurtherboostthegreeningofthestate’smanufacturingsector.MeetingemergingprioritiessuchasgreenhydrogenandgreenammoniademandsundeterredsupportforcleanenergycapacityadditionBoththecentralandthestategovernmentswanttoharnessthehydrogeneconomywhichfacilitatesemissionsmitigationinthehard-to-abatesectorssuchasoil&gas,cement,steelandfertilizeramongothers.However,amajorchallengeremainsinmakinggreenhydrogenproductionandconsumptioneconomicallyattractive.Over40%ofthegreenhydrogenproductioncostisbuiltfromthecostofelectricity.Dependingonthetypeofelectrolyzerused,hydrogenproductionisestimatedtoconsume10-50unitsofelectricityperkgofgreenhydrogen.Also,theco-locationofgreenpowergenerationandhydrogenproductionisbelievedtobringdownthecostofgreenhydrogenproduction.Itisestimatedthatby2030,thestatemayrequireanREcapacityof~5GWtoproducegreenhydrogen.13Here,harnessinghybrid-solar-storagehybridprojectsshallprovetobeofimmensevalue.TamilNadumustfurtherscaleupitsshareintheglobalwindsupplychainandtherebyamplifysocio-economicbenefitsTamilNaduisamongtheworld’sonlyafewhubsthathaveanexistingandcompletevaluechainforwindmanufacturing.However,inIndia,over13RefertoAnnexureVI

80%ofthemanufacturershavenowbecomedormantduetoalackofadequatedemandinthedomesticmarket.ManyofthewindturbinesdeployedinTamilNaduweremanufacturedbythesemanufacturers.Iftheyareoutofbusiness,operationsandmaintenanceofthealreadydeployedunitsmightposeachallenge.Between,notjustthewindmanufacturingsectorinIndia,butalsomanufacturersinEuropearefacingturbulenttimes.TheglobalpandemicfollowedbytheRussia-Ukrainewarhasledtoamassiveescalationincommoditycostsandtheoverallcostofproduction.Thereisalsoaloomingfearofrecession.Thisiswhenbymid-centuryaneedfordeployingover10timesthecurrentglobalinstalledwindcapacityhasbeenestimatedbyleadinginstitutionssuchastheIEAandIRENA.Micro-smallandmediumenterprisesconstituteamajorshareofTamilNadu’swindmanufacturingsector.Incidentally,Indianwindexportshaveledtoatradesurplusduringthepastseveralyears.Also,sourcingfromIndiahasgainedmomentumpostturbulencecausedbytheCOVID-19pandemic.TamilNaduiswellplacedtoleverageitsexistingleadershipandenhanceitsshareintheglobalwindsupplychain.Thestategovernmentmustidentifypartnershipsthatmightalsoequipexistingonshorewindvaluechainstakeholderswiththerequisiteskillsandexposuretosupporttheirgraduationtooffshorewind.Mostimportantly,thestatemustpursueinstitutionalinterventionstoboostexportsininternationalwinddemandmarkets.TamilNaduhasabundantandsufficientskilledmanpowerinthewindenergysectorthroughupskillingincertainareassuchasleadership,environment,healthandsafety(EHS),designing,artificialintelligenceanddataanalyticsmaybeconsidered.Similarly,collaborationwithSouth-EastAsiannationsmaybeundertakentoshareexpertiseandpromotecross-functionaltraining.TamilNadu,beinganestablishedwindequipmentmanufacturinghub,cantaketheleadinwindequipmentmanufacturingandcatertonotonlythecountry’sdemandbutalsotheAsiaPacific(APAC)region.Additionally,theGovernmentofTamilNadumayconsiderdevelopingWindEquipmentManufacturingParktoaggregatewinddevelopers,OEMs,componentmanufacturersandusers/off-takerstodriveeconomiesofscaleandattractmoreinvestment.Thewindequipmentmanufacturers15canbeofferedotherbenefitssuchassubsidies/taxbenefitsformanufacturingofspecialcomponents,low-interestloans,formationoftradeinstitutions,etc.toencouragewindequipmentmanufacturing.Aparallelcanbedrawnfromthe“FurniturePark”launchedin2022inThoothukudi,TamilNadu14.Thepark’sfirstphaseisexpectedtobeoperationalby2028andwillgenerateinvestmentclosetoINR15billion–INR18billionandemploynearly1.5lakhpeople.Measuringprogressandattractingnew-agefinanceTamilNadu’seconomicaspirations,climateambitionsandcleanenergytransitiongoalswouldneednewandinnovativefinancing.While,financialinstitutionsareintroducingstringentconditionsforfossil-fuelexpansion,innovativeandattractiveinstrumentssuchasblueandgreenbonds,sovereignbonds,longtermpatientcapitalfrompensionfundshavebeenobservedtogainmomentum.Inthepast,TamilNadu’stextileindustryleveragedcaptivewindunitswhichhelpedthemincreasetheirexportrevenue.Buildingonsuchexperiencesandthegrowingdemandforgreenpower,thestatemaytapfinancetoscale-upgreenmanufacturingaswellasrenewableenergyprojects.Buildingonitspioneeringinstitutionalandpolicymeasureforclimatechangemitigationandfast-pacedtransitiontowardscleanenergyintheindustrysector,thegovernmentmay/states/south/tamil-nadu/tamil-nadu-prepares-to-set-up-indias-maiden-furniture-hub-in-thoothukudi/

considerintroducinga“GreenTransitionTracker”toolanddashboardfortheindustry.Thetoolmaybedesignedtoadequatelycaptureandshowcasethestate’sprogresson—(a)thetransitionfromthermaltorenewableenergy(b)thegreeningofmanufacturingthetransitioninhard-to-abatesectors.Suchatoolmayallowapreliminarylevelofduediligenceandtherebyenableindustriestoleverageclimatefinanceandcarbonmarkets.Itisenvisagedthatthesuccessfuldesign,developmentandphasedroll-outofsuchacomprehensiveandrobusttoolmayhelpthestatebecomethemostattractivedestinationforgreeninvestmentsandclimatefinance.Estimatesfromtheroadmapalsosuggestthatprioritizingcapacityadditionandupgradeofthestate’spowerevacuationandtransmissionshallbeaprimarydeterminantof3outof5high-impactopportunitiesidentifiedinthisroadmap.Iflegacychallenges15thataredetrimentaltowindcapacityadditionpersistfurther,inthelowcase,thestatemayonlybeabletoadd4GWofadditionalwindpowercapacityby2030.Consequently,itmayloseitsdominantshareinIndia’sinstalledwindcapacity.Inthebasecase,thestatemaybeabletoaddanother13GWofwindcapacityby2030andattractoverUSD700billionofinvestmentsthatcouldcreateover70thousanddirectjobsandmorethan100thousandindirectjobs.Permitsandclearances,landacquisition,pendingpaymentsandlackofadequatepowerevacuationandtransmissioninfrastructureclubbedwithveryloworlimitedstatewindtenders.1617OBJECTIVE&METHODOLOGYObjectivesAcknowledgingmassiveopportunitiesinTamilNadu,thisroadmapaimsat:AssisttheGovernmentofTamilNadu’seffortstoharnessrenewableenergy,particularlywindenergy;Encouragepolicyclarityoncapacitytargetsandtimelinesinbothonshoreandoffshorewind;Identifybarriersandopportunitiesforthegrowthofwindenergyinthestate,includingtherolloutofnecessarystandards,infrastructurerequirementsincludingport/rail/roadinfrastructuredevelopment,andcapacity-buildingneeds;andIdentifythebusinesscaseforoffshorewindinthestateintermsofjobcreation,inwardcapitalinvestment,manufacturingactivity,cleanerpowersector,improveddiversityandgenderbalanceinthe