In a decision that will provide a fillip to the generation of ocean energy sector in India, Minister of State for Power and New & Renewable Energy R K Singh today (22 August) cleared a proposal to declare ocean energy as renewable energy.
India has a huge coastline and consequently holds a vast potential for ocean energy generation. Ocean energy includes wave, tidal and ocean thermal energy among others with most of the potential having remained untapped.
The decision will help the sector grow as it will enable DISCOMs and other service providers buy electricity generated from ocean energy route to meet their Renewable Purchase Obligations (RPOs).
RPOs are obligations binding such companies and large consumers to meet a certain percentage of their requirements from renewable sources. Read More
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