OWC and TCE team up for Indian offshore wind work

OWC and Tata Consulting Engineers Limited (TCE) have signed an agreement to partner up for upcoming projects in the emerging Indian offshore wind sector.

Under the agreement, OWC and TCE will combine its powers to deliver engineering and project management services to Indian offshore wind developments.

OWC, which is part of Oslo-listed energy consultancy group Aqualis ASA, is an independent engineering consultancy focused on the development and realisation of offshore renewables technology and projects.

Last year, the Indian government defined some highly ambitious future goals for its domestic offshore wind capacity, with plans to launch the leasing of 1GW of prospective capacity off Gujarat later this year.

“We believe we can play an important part in assisting India realise this. We have been involved with offshore wind developments all over the world and our partnership with a major domestic company such as TCE will give international and local developers looking to this market their required range of technical and project management consultancy support to first bid successfully, then develop and realise their offshore wind projects in India,” says John MacAskill, business development director at OWC.

TCE is a leading engineering consultant operating in the sectors of energy, infrastructure and process. TCE has engineered more than 140 GW of aggregate installed energy (thermal, nuclear, hydro and renewables) capacity across the globe.

India is poised to increase its energy consumption due to demographic expansion plus increased urbanisation and demand for mobility. Offshore wind is expected to be part of this solution. Last summer, India set a goal of adding 5 GW of offshore wind capacity by 2022 and 30 GW by 2030. An expression of interest for the country’s inaugural offshore wind park near Gujarat, issued last April, attracted 35 responses from both domestic and international companies and consortia.

OWC is part of Oslo-listed Aqualis ASA, an energy consulting group providing consultancy services to the offshore renewables, oil and gas as well as the maritime and shipping industries globally.

Investors and financial media

Kim Boman, CFO, Aqualis ASA
Telephone: +47 959 63 912

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Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05

About Aqualis ASA

Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the offshore oil, gas and renewables sectors globally. The group employs experienced consultants across 19 offices in 15 countries worldwide. Aqualis ASA operates under two different brands: Aqualis Offshore and Offshore Wind Consultants. Aqualis Offshore is a specialised offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry.