Indian Cabinet Approves $908 Million Viability Gap Funding Scheme for Offshore Wind Energy Projects
June 21, 2024 – The Indian Union Cabinet, led by Prime Minister Narendra Modi, has approved the Viability Gap Funding (VGF) scheme for the country’s first offshore wind energy projects. This initiative, with a total allocation of $908 million, is set to significantly reduce carbon emissions and enhance the nation’s renewable energy capacity. The VGF…