Government issues VGF guidelines for 1 GW offshore wind projects
POWER & RENEWABLE ENERGY

Government issues VGF guidelines for 1 GW offshore wind projects

The Indian government has released new guidelines for the implementation of a 1 gigawatt (GW) offshore wind energy initiative. These guidelines introduce a viability gap funding (VGF) mechanism designed to support the financial feasibility of large-scale offshore wind projects. The VGF scheme aims to attract private investment and encourage the development of offshore wind infrastructure, which is crucial for meeting India’s renewable energy targets. The guidelines outline the eligibility criteria, funding process, and project requirements to streamline the deployment of these projects.

Key aspects of the VGF guidelines include provisions for competitive bidding, detailed technical and financial criteria for project developers, and a structured support framework to mitigate investment risks. This move aligns with India's broader strategy to enhance its renewable energy capacity and reduce dependence on fossil fuels, thereby contributing to global climate goals.

The Indian government has released new guidelines for the implementation of a 1 gigawatt (GW) offshore wind energy initiative. These guidelines introduce a viability gap funding (VGF) mechanism designed to support the financial feasibility of large-scale offshore wind projects. The VGF scheme aims to attract private investment and encourage the development of offshore wind infrastructure, which is crucial for meeting India’s renewable energy targets. The guidelines outline the eligibility criteria, funding process, and project requirements to streamline the deployment of these projects. Key aspects of the VGF guidelines include provisions for competitive bidding, detailed technical and financial criteria for project developers, and a structured support framework to mitigate investment risks. This move aligns with India's broader strategy to enhance its renewable energy capacity and reduce dependence on fossil fuels, thereby contributing to global climate goals.

Next Story
Infrastructure Urban

Arya Omnitalk Powers India’s Toll Revolution with AI-Driven Solutions

Arya Omnitalk, a leader in intelligent transportation systems, is revolutionising toll collection across India’s national highways with its advanced AI-powered Toll Management Solutions. Designed for rugged remote toll locations, the company’s cutting-edge technology ensures seamless, reliable, and secure tolling—especially during high-capacity operations exceeding 200%. By integrating real-time analytics, cyber protection, and FASTag-based cashless tolling, Arya Omnitalk’s systems are significantly reducing congestion, improving transparency, and enhancing revenue assurance. Its full..

Next Story
Infrastructure Urban

Over 800 Join Anant Raj Runathon to Mark Earth Day

Over 800 participants came together at Anant Raj Estate, Sector 63A, Gurugram, for the Anant Raj Runathon 2025—a vibrant celebration of Earth Day through fitness, community bonding, and sustainability. Curated by renowned running coach Ravinder, the event featured four categories: 10-mile and 5-mile timed runs, a 5-mile walkathon, and a 1-mile kids’ run. Runners of all ages took to the green, scenic roads of the area—some chasing personal bests, others running for a cause. The Runathon was designed to promote healthy living while raising awareness about sustainable practices. Participa..

Next Story
Infrastructure Urban

PETRONAS Lubricants, Quaker Houghton Ink Strategic Deal

In a significant step towards strengthening industrial operations in India and Malaysia, PETRONAS Lubricants India Pvt. Ltd (PLIPL) and Quaker Houghton have announced a strategic partnership aimed at delivering high-performance industrial fluid solutions to key manufacturing sectors, including steel production. The collaboration combines the strengths of both companies—leveraging PETRONAS Lubricants India’s maintenance lubricant technologies and Quaker Houghton’s deep expertise in metalworking fluids. Starting from the second quarter of 2025, Quaker Houghton will begin offering PETRONAS..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?