In a decision that would give boost to the ocean energy in India, Union Minister of Power and New & Renewable Energy (MNRE) R K Singh approved a proposal to declare ocean energy as renewable energy. Accordingly,the 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).
Oceans cover 70 per cent 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, fueling economic growth, reduction of carbon footprint and creating jobs, an official statement said.