Cabinet approves offshore wind energy projects in Gujarat, Tamil Nadu with total outlay of Rs 7,453 cr

The Union Cabinet approved 1 GW offshore wind energy projects in Gujarat and Tamil Nadu with the total outlay of Rs 7,453 crore...

Information & Broadcasting Minister Ashwini Vaishnaw while announcing the decision said, "Union Cabinet has taken a landmark decision by approving India's first offshore wind energy project..

The Viability Gap Funding (VGF) scheme for offshore wind energy projects includes an outlay of Rs.6853 crore for installation and commissioning of 1 GW of offshore wind energy projects (500 MW each off the coast of Gujarat and Tamil Nadu), and grant of Rs.600 crore for upgradation of two ports to meet logistics requirements for offshore wind energy projects, said the government in a press release...

Offshore wind is a source of renewable energy which offers several advantages over onshore wind and solar projects, such as higher adequacy & reliability, lower storage requirement and higher employment potential..

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