Page 46 - Policy Economic Report - Feb 2026

POLICY AND ECONOMIC REPORT
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India–UK Offshore Wind Taskforce Launched; Shri Pralhad Joshi Calls It a ‘Trustforce’ for Accelerating
Strategic Clean Energy Cooperation

Union Minister of New and Renewable Energy Shri Pralhad Joshi addressed the launch of the India–UK
Offshore Wind Taskforce in the presence of the Rt Hon Deputy Prime Minister of the United Kingdom Mr.
David Lammy and British High Commissioner to India Ms. Lindy Cameron.

Calling the Taskforce a “Trustforce,” Shri Joshi said it reflects the confidence that India and the United
Kingdom can work together to address real execution challenges. He urged that the platform deliver time-
bound workstreams, measurable milestones and visible progress, converting global lessons into solutions
tailored to Indian conditions.

Describing the India–UK Offshore Wind Taskforce as a working mechanism rather than a symbolic
platform, the Minister said it has been constituted under Vision 2035 and the Fourth Energy Dialogue to
provide strategic leadership and coordination for India’s offshore wind ecosystem. He observed that while
the United Kingdom has demonstrated global leadership in scaling offshore wind and developing mature
supply chains, India brings scale, long-term demand and a rapidly expanding clean energy ecosystem.

He outlined three practical pillars for cooperation: ecosystem planning and market design, including
refined seabed leasing frameworks and credible revenue-certainty mechanisms; infrastructure and supply
chains, including port modernisation, local manufacturing and specialised vessels; and financing and risk
mitigation through blended finance structures and mobilisation of long-term institutional capital.

The Minister emphasised that the next phase of India’s transition must strengthen reliability, grid stability,
industrial depth and energy security, and that offshore wind has a strategic role in this journey. Promising
offshore wind zones have been identified off the coasts of Gujarat and Tamil Nadu along with grid planning
and required studies and surveys have been conducted through National Institute of Wind Energy for the
initial projects.

To support early projects, the Government has introduced a Viability Gap Funding scheme with a total
outlay of ?7,453 crore, approximately £710 million. Shri Joshi noted that offshore wind is among the most
complex segments of the global energy transition, requiring specialised port infrastructure, marine
logistics, robust seabed leasing frameworks, clear risk allocation and bankable commercial structures.

Shri Joshi further highlighted the synergy between offshore wind and India’s green hydrogen ambitions.
He noted that India is leading the Hydrogen Breakthrough Goal under the international Breakthrough
Agenda and has achieved globally competitive benchmarks under the National Green Hydrogen Mission,
with green hydrogen prices falling to a historic low of ?279 per kg (approximately £2.65 per kg) and green
ammonia prices reaching ?49.75 per kg (approximately £0.47 per kg).

Offshore wind, he said, can provide high-quality renewable power to emerging coastal industrial and
green hydrogen clusters, strengthening energy security and industrial competitiveness.

Shri Joshi underlined that India’s clean energy transition is defined by execution at scale. He informed that
India’s installed non-fossil fuel capacity has crossed 272 GW, including more than 141 GW of solar and 55

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