SUPPORTING POLICIES FOR OCEAN ENERGY
NATIONAL STRATEGY
The National Institute of Ocean Technology (NIOT), an autonomous institute under the Ministry of Earth Sciences (MoES), has been entrusted to develop technologies pertaining to ocean energy. NIOT also advises the Ministry of New and Renewable Energy (MNRE) (which is primarily responsible for tariff fixation and policy formulation for renewables), on ocean renewable energies as and when required.
MARKET INCENTIVES
The Ministry of New and Renewable Energy (MNRE), Government of India, has now accorded ocean energy such as tidal, wave, OTEC, the status of renewable energy for the first time to attract stakeholders in this area. Thus, it shall be eligible for meeting the non-solar Renewable Purchase Obligations (RPO).
PUBLIC FUNDING PROGRAMMES
The Ministry of Earth Sciences, under the Government of India, supports the programme on Ocean Energy and Desalination at NIOT.