India plans to provide viability gap funding for 1000MW of offshore wind projects.
Finance Minister Nirmala Sitharaman made the announcement as part of the country’s interim budget.
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The funding is designed to help India meet its commitment to reach net zero by 2070.
In addition, the budget envisions pushing rooftop solarisation towards a goal of providing 100m homes with up to 300kWh of free electricity per month.
However, no details were provided about either scheme in the budget.