Cabinet approves Rs 7453 crore funding for offshore wind projects off Gujarat, Tamil Nadu coast
In a significant move towards enhancing the country’s renewable energy capacity, the Indian government has approved a Rs 7453 crore funding scheme for offshore wind energy projects. These projects are set to be developed off the coast of Gujarat and Tamil Nadu, regions known for their favorable wind conditions.
The primary objective of this initiative is to bolster India’s renewable energy infrastructure and significantly reduce greenhouse gas emissions. By tapping into offshore wind resources, India aims to diversify its energy portfolio and meet its growing energy demands sustainably.
This funding scheme marks a major milestone in the implementation of India’s National Offshore Wind Energy Policy, underscoring the government’s commitment to promoting clean energy and combating climate change. The development of these offshore wind projects is expected to drive economic growth, create job opportunities, and contribute to India’s goal of achieving a greener and more sustainable future.