Government to waive off ISTS charges for Off-Shore Wind Projects

Government to waive off ISTS charges for Off-Shore Wind Projects

Daily Current Affairs   /   Government to waive off ISTS charges for Off-Shore Wind Projects

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Category : National Published on: June 02 2023

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  • The government has exempted offshore wind projects from inter-state transmission charges (ISTS) charges and exempted green hydrogen and green ammonia
  • The Ministry of Power, a complete waiver of ISTS charges has been given for off-shore wind power projects commissioned on or before 31st December, 2032 for a period of 25 years from the date of commissioning of the Project.
  • It objective to promote offshore wind power, expand green hydrogen and green ammonia projects, and encourage renewable energy from energy storage system projects
  • THE ISTS exemption for green hydrogen and green ammonia projects has been extended from June 30, 2025 to December 31, 2030
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