Reliance Industries Ltd NSE 1.11 % (RIL NSE 1.11 %) is gearing up to set up captive offshore wind power projects with up to 5-megawatt (MW) capacity initially, two officials aware of the development said. The projects are likely to come up in Gujarat.
“RIL has been evaluating the segment for over a year now. Initially, it plans to set up capacity for captive consumption, with up to 5 MW, and increase later,” said an official aware of the discussions, adding that RIL already has operational experience in the offshore segment through its exploration and production division and has firmed up some partnerships in the offshore wind power segment, too.
