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 Urban

13 Oct 2025

Madurai Corporation Proposes Rs 1,400 Million Plan to Save Vaigai River

In a renewed effort to tackle pollution, the Madurai Corporation has submitted Rs 1,400 million proposal to the state government to upgrade the city’s drainage network and prevent untreated sewage from entering the Vaigai River. The proposal follows growing public concern over the river’s deteriorating condition despite previous mitigation efforts. The Vaigai flows for nearly 12 km within Madurai city limits, with sections obstructed by invasive plants, garbage, and untreated sewage. While multiple inlets contribute to contamination, the Panthalkudi canal in Goripalayam has been identifi..

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..