10-09-21 Daily-Tamilnadu-TNPSC Current Affairs

State of Nadu and Denmark have planned to create anenergy islandin Gulf of Mannar that lies between the west coast of Sri Lanka and south-eastern tip of India.

This plan was made as Tamil Nadu is looking to expand its footprint in the green Energy sector.

To achieve this target, Denmark is likely to invest $5-10 billion in the RENEWABLE ENERGY sector in the state. It also includes Investment for anenergy islandin the Gulf of Mannar.

With this investment, island would be able to produce 4-10 GW of energy.

A delegation of experts from Denmark met Chief Minister of Tamil Nadu, M K Stalin on September 8, 2021 to discuss the plan. If the plan materialises, it will be Indias first offshore floating wind park.

Tamil Nadu and Denmark made their plan for the investments, days after the Tamil Nadu Generation and Distribution Corporation (Tangedco) announced to launch 20,000 Mw of solar power projects with adequate battery storage, 2,000 Mw of gas-based power units and 3,000 Mw of pumped storage hydroelectric projects. These projects will require loans of about Rs 1.32 trillion.

Value of Danish investment in Tamil Nadu in the period of January 2003 to January 2021 is estimated at $ 751.72 million. Some of the Danish companies operating in Tamil Nadu include Maersk, Vestas, Cubic, Danfoss, Grundfos, and FLSmidth.