Cabinet Approves VGF for Offshore Wind Energy Projects

It is learnt that the Union Cabinet approved a viability gap funding (VGF) scheme for 1 GW offshore wind energy projects in Gujarat and Tamil Nadu.
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