September 16, 2024 6:27 PM

Cabinet approves Rs. 7453 crore scheme for offshore wind energy projects

The government has approved a funding scheme worth Rs. 7453 crore to support offshore wind energy projects. This includes Rs. 6853 crore for setting up 1 GW of wind energy projects, with 500 MW each off the coasts of Gujarat and Tamil Nadu. Additionally, Rs. 600 crore will be used to upgrade two ports to handle the logistics for these projects. The VGF scheme is a crucial step in implementing the National Offshore Wind Energy Policy, launched in 2015, which aims to tap into the vast offshore wi...