India needs to shift towards sustainable energy sources. Wave energy, a vital source in this transition, has yet to be harnessed. India has a vast coastline, making the potential for wave power affordable. Financial incentives, innovation and public-private partnerships are needed to promote wave energy development in India
Wave energy is a clean and sustainable source that can help reduce India's dependence on fossil fuels. Image: Shutterstock
Energy is crucial to the national economy in India, and it plays a significant role in both agricultural and industrial sectors, as well as enhancing people's quality of life. However, ensuring adequate and diverse energy sources continues to be a challenge for the government and institutions responsible for energy supply and transport. Coal, oils, and gas are the primary commercial energy inputs to the Indian economy.
India needs to expedite its transition towards cleaner and sustainable energy sources to reduce the risks associated with reliance on fossil fuels. This transition faces a significant hurdle: Ensuring the availability of clean electricity around the clock every day of the year. Wave and tidal energy can be vital in addressing this challenge and contribute to India's energy mix.
Wave energy is a clean and sustainable source that can help reduce India's dependence on fossil fuels. By harnessing the power of ocean waves, wave energy technologies can generate electricity without emitting greenhouse gases or other harmful pollutants. This makes wave energy a more environmentally friendly alternative to traditional energy sources.
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Wave energy, a renewable energy source, can be harnessed from water movement near the sea’s surface. India's vast coastline of approximately 7,517 km provides an ideal platform for developing wave energy resources. India receives significant wave energy throughout the year, especially along the western coast. According to the IIT Madras–CRISIL Report of 2014, India's theoretical potential for wave power is 40 GW, and its potential for tidal power is 12 GW.
[This article has been reproduced with permission from the Indian School of Business, India]