Wind, solar energy to get big push
May
27,
2014
The Narendra Modi government is likely to harness solar power and give a fillip to development of offshore wind energy so as to provide electricity to every household in the near future, industry officials said today.
Modi will be country's first energy literate Prime Minister and expanding clean power generation will be his administration's top energy-related priority, especially solar and wind energy, because it has the potential to create jobs and supply power to millions of scattered households not connected to the grid.
About 400 million people in India lack access to electricity, more than the combined population of the US and Canada.
Industry officials said the NDA government may come out with a separate offshore wind energy policy and allow companies to initially set up offshore wind farms up to 12 Nautical Miles from Coast as part of its overall plan to achieve energy security and bring down carbon emission
The new government is also expected to reinstate accelerated depreciation for investments into wind energy projects and accord priority sector lending for the entire renewable energy segment to give a fillip to non-conventional energy resources.
