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India has superior potential customers of harnessing offshore wind energy, specified its extensive coastline. An assessment conducted by the Countrywide Institute of Wind Strength (NIWE) reported India has a complete wind Strength opportunity of 302GW at 100 metre and 695.50GW at a hundred and twenty-metre hub height.
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The ministry a short while ago arrived up with a technique paper suggesting incentives to corporations inside the offshore wind Strength space, such as the waiver of transmission rates, renewable Electrical power credits, carbon credits Gains and viability-hole funding.
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The ministry also introduced that evacuation and transmission of energy from offshore pooling substations to onshore transmission would be delivered free of cost for all offshore wind capacities that should be bid out by FY30.
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