India's Ministry of New and Renewable Energy is seeking approval for an agency to head offshore wind power development, Bloomberg reported. India has about 20 gigawatts of onshore wind turbines and generated $16.5 billion in investments in 2012, according to a draft of India's offshore wind policy released in May. India is looking to offshore projects due to crowded conditions on land that may impede development of bigger turbines and wind farms. The country has approximately 7,600 kilometers of coastline.
"United Nations Convention on Law of the Sea gives India exclusive rights over its Exclusive Economic Zone (200 nautical miles from baseline) to develop offshore wind energy," the wind policy draft plan said.
India said installed capacity for wind power has the potential to reach 191 GW by 2030 and offshore power generation in the Indian state of Tamil Nadu could generate up to 127 GW. Renewable Energy Minister Farooq Abdullah asked the Finance Ministry to renew a tax break awarded to wind farms in its interim budget for next month after the incentive for wind development expired March 2012.