Government issues VGF guidelines for 1 GW offshore wind projects

17 Sep 2024 CW Team

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.

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..