Draft National Offshore Wind Energy Policy

The ministry of new and renewable energy (MNRE) has come out with draft policy for offshore wind energy sector in the country on 16.5.2013. According to the draft there is potential to develop 1GW of offshore wind capacity along Tamil Nadu’s south coast, while other states such as Gujarat, Kerala, Karnataka and Goa also have prospects for offshore projects.

 

The policy document is the primary policy decision-making document for offshore wind energy projects in waters, in or adjacent to the country up to the seaward distance of 12 nautical miles from the baseline. However, the Research & Development activities may be carried out up to 200 nautical miles from the baseline (EEZ of the country).

 

The government will establish a nodal agency called National Offshore Wind Energy Authority (NOWA), under MNRE for offshore wind projects, for carrying out resource assessment and surveys as well as entering into contract with the developers.

 

The objective is to enable optimum exploitation of offshore wind energy in the best interest of the nation, the document said adding “to promote deployment offshore wind farms in the first instance up to 12 nautical miles from coast, to achieve energy security and to reduce carbon emissions, among others.”

 

Fiscal incentives such as tax holiday for first ten years of offshore wind power generation, concession in customs duty and exemption in excise duty for procurement of technology and equipment, may be available to the manufacturers of the offshore wind turbines. Besides, nil service tax for services like conducting of Resource Assessment / EIA / Oceanographic Study by third party, utilization of survey vessels and installation vessels may also be available.

 

Continue Reading :

Share

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *


*