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New Delhi : In a decision that would give boost to the ocean energy in India, Union Minister of State for Power and New & Renewable Energy (IC) and Skill Development & Entrepreneurship, RK Singh, on August 22, 2019, approved a proposal to declare ocean energy as Renewable Energy.
Accordingly, the Ministry of New and Renewable Energy (MNRE) has clarified to all the stakeholders that energy produced using various forms of ocean energy such as tidal, wave, ocean thermal energy conversion etc. shall be considered as Renewable Energy and shall be eligible for meeting the non-solar Renewable Purchase Obligations (RPO), according to a PIB release.
Oceans cover 70 percent of the earth’s surface and represent an enormous amount of energy in the form of wave, tidal, marine current and thermal gradient. A variety of different technologies are currently under development throughout the world to harness this energy in all its forms. Deployment is currently limited but the sector has the potential to grow, fuelling economic growth, reduction of carbon footprint, and creating jobs not only along the coasts but also inland along its supply chains.
As Government of India steps up its effort to reach the objectives to contemplate its Renewable Energy and climate change objectives post 2022, it is opportune to explore all possible avenues to stimulate innovation, create economic growth and new jobs as well as to reduce our carbon footprint. India has a long coastline with the estuaries and gulfs.
All the stakeholders desirous of utilising Ocean Energy are invited by MNRE for demonstration projects of proven technologies under Research, Design, Development and Demonstration (RDD&D) programme/policy of the Ministry, in force at the time.
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