The Cabinet has approved a Rs 7,453-crore Viability Gap Funding (VGF) scheme for offshore wind energy projects in India. This move aims to boost investments in the renewable energy sector and achieve the country’s target of 175 GW of renewable energy capacity by 2022. The VGF scheme will provide financial support to developers for setting up offshore wind projects and help India reduce its carbon footprint.
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Cabinet Approves Rs 7,453-cr VGF Scheme For Offshore Wind Energy Projects
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