New Delhi [India], June 19 (ANI): The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects at a total outlay of Rs 7,453 crore. This includes an outlay of Rs 6,853 crore for the installation and commissioning of 1 GW of offshore wind energy projects (500 MW each off the coast of Gujarat and Tamil Nadu), and a grant of Rs 600 crore for the upgradation of two ports to meet logistics requirements for offshore wind energy projects. An official release said that the VGF scheme is a major step towards i…
