Wind, Solar Energy to Get Big Push Under Modi-Led NDA

Published: 22nd May 2014 04:27 PM  |   Last Updated: 22nd May 2014 04:27 PM   |  A+A-


NEW DELHI: 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.

Tulsi Tanti, Chairman Suzlon Group, said, "We believe the BJP-led government will provide an environment conducive for growth and investments, with major reforms in the infrastructure and renewable energy sector. This is important as India's economic environment will act as a catalyst in reviving the global economy."

Suzlon has already announced plans to enter offshore wind power generation in India in a big way. It has already successfully set up a number of offshore wind generation units globally with Germany's Alpha Ventus Project 60 kms from shore.

"Renewable energy is the only long-term sustainable solution and an answer to issues around global warming. Within this, the solar power specifically can address rural electrification challenge.

"Two key factors are cost effectiveness and maximising deployment -– policy changes supporting land acquisition, ease of finance and long-term PPAs would boost the renewable energy sector," said Sameer Gupta, Managing Director, Jakson Group.

The BJP's election manifesto promises a 'comprehensive energy policy' to harness oil, gas, hydro, ocean, wind, solar, coal and nuclear energy.

In Gujarat, where Narendar Modi was chief minister for 12 years, political appointees were ejected from state ventures and power utilities and made the companies autonomous and professionally run, helping them turn profitable.

More from Business.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp