India Introduces VGF Program for Offshore Wind Projects

25 Jun 2024 CW Team

India has unveiled a Viability Gap Funding (VGF) program aimed at accelerating the development of offshore wind projects in the country. The program is designed to incentivize private sector participation in offshore wind energy development, facilitating India's transition towards sustainable and renewable energy sources.

Under the VGF program, the government will provide financial support to eligible offshore wind projects to bridge the viability gap and attract investment. This initiative aims to address the challenges associated with high upfront costs and risks involved in offshore wind energy development, making such projects more financially attractive to developers and investors.

The introduction of the VGF program underscores India's commitment to expanding its renewable energy portfolio and achieving its ambitious clean energy targets. By incentivizing offshore wind projects, the government aims to harness the vast potential of India's coastal regions for clean energy generation while reducing dependence on fossil fuels and mitigating carbon emissions.

The VGF program is expected to unlock new opportunities for domestic and international players in the offshore wind sector, fostering innovation, technology transfer, and job creation in the renewable energy industry. It is also poised to contribute to India's efforts to enhance energy security, reduce air pollution, and mitigate the impacts of climate change.

Overall, the launch of the VGF program for offshore wind projects signifies a significant step towards accelerating India's transition to a sustainable energy future and promoting green growth in the country's renewable energy sector.

Infrastructure Urban

28 Oct 2025

Driving Infrastructure Forward with Trustworthy AI

At its Year in Infrastructure 2025 conference in Amsterdam, Bentley Systems reaffirmed its vision for trustworthy AI and connected digital ecosystems shaping the future of infrastructure engineering. The company unveiled AI-powered design applications and Bentley Infrastructure Cloud Connect, a unifying platform connecting data, workflows and professionals across the project lifecycle.“AI is poised to transform infrastructure,” said Nicholas Cumins, CEO, Bentley Systems. “At Bentley, our vision is for AI to empower engineers – not replace them. Trustworthy AI, built on infrastruct..

Indian Real Estate Sector Sees Highest Capital Inflow in Seven Years

Equirus Capital, a leading full-service investment banking firm, has reported that India’s real estate sector has witnessed its highest capital inflow in seven years, with funds raised reaching ₹23,080 crore across 12 deals.According to Equirus Capital’s analysis, the cumulative capital raised by the sector since FY18 stands at ₹72,331 crore. Of this, Real Estate Investment Trusts (REITs) accounted for the largest share at ₹31,241 crore, followed by large-cap real estate companies at ₹20,437 crore, mid-cap players at ₹12,496 crore, and small-cap firms contributing ₹8,156 crore...

India’s Flex Office Market Set for Record Growth

myHQ by ANAROCK, India’s largest workspace discovery and flexible office solutions platform, has released its Flex Office Market in India 2025 Report, revealing that India is set to become the Asia-Pacific region’s largest flexible office market. The report highlights how flexible workspaces have become a mainstream component of India’s commercial real estate, capturing a growing share of national leasing activity.“Flexible workspaces have evolved from a cost-optimisation tool to a strategic necessity,” said Utkarsh Kawatra, CEO and Co-Founder, myHQ by ANAROCK. “Average corporate d..