Home » CleanTech/ Renewable Energy » Govt plans to roll out Rs 430 billion ‘green energy corridor’ project

Govt plans to roll out Rs 430 billion ‘green energy corridor’ project

According to reports, to facilitate flow of renewable energy into the national grid, the Government plans to roll out a Rs 43,000-crore ‘green energy corridor’ project. The project will be implemented with the assistance of Germany which has promised to provide developmental and technical assistance of € one billion as soft credit,” Secretary, Ministry of New & Renewable Energy, Ratan P. Watal, said.

Speaking at the “National Consultation of Stakeholders regarding Development of Offshore Wind Energy in India” here on Wednesday that the Government is committed to provide a conducive environment for harnessing offshore wind energy in the country. Laying down figures he stated that India’s onshore wind energy deployment has crossed 19,600 MW attracting $16.5 billion of investment in 2012 and it is estimated that by 2030 installed capacity could reach 191 GW.

He further said that National Offshore Wind Energy Authority under the aegis of MNRE will be constituted shortly. The authority will act as the nodal agency for Offshore Wind Projects in the country.

The authority will carry out resource assessment and surveys in the Exclusive Economic Zones (EEZ) and simultaneously enter into contract with project developers for development of offshore wind energy project in the territorial water (12 nm). It will be the single window agency and will coordinate with concerned Ministries/Departments for necessary clearances.

However, the authority will only act as a facilitator for getting clearance and application for clearance will be dealt in entirety by the concerned Ministry/Department, Watal said.

A study by Scottish Development International done in January 2012 has indicated potential to establish around one GW capacity wind farm each along the coastline of Rameshwaram and Kanyakumari in Tamil Nadu. India is estimated to have 350 GW of offshore wind energy capacity.

The Ministries/Departments which will be involved in the process of granting clearances for Offshore Wind Farm Projects are Ministry of Defence, Ministry of Civil Aviation, Ministry of Home Affairs, Ministry of Earth Sciences, Coast Guard etc.

Leave a Reply

Your email address will not be published.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


Scroll To Top