Source: Economic Times, 01 February 2024
Finance Minister Nirmala Sitharaman on Thursday said the government will provide viability gap funding for 1 GW offshore wind energy. The country has a target of 500 GW of renewable energy capacity by 2030.
She said the viability gap funding will also be provided for harnessing offshore wind energy capacity of 1 GW for achieving net-zero emissions by 2070.
She added that the government is ready to assist states in faster development of aspirational districts and blocks.