Representative Image 
Business

Viability gap funding to be provided for 1 GW offshore wind energy: FM

The country has a target of 500 GW of renewable energy capacity by 2030.

PTI

NEW DELHI: Finance Minister Nirmala Sitharaman on Thursday said the government will provide viability gap funding for 1 GW offshore wind energy.

The country has a target of 500 GW of renewable energy capacity by 2030.

She said the viability gap funding will also be provided for harnessing offshore wind energy capacity of 1 GW for achieving net-zero emissions by 2070.

She added that the government is ready to assist states in faster development of aspirational districts and blocks. Spiritual tourism has tremendous opportunities for growth, Sitharaman said.

India looking at alternative markets to buy gas; Australia, Canada offered to sell amid West Asia conflict: Government sources

Pakistan considering weekly petroleum price revision, mandatory work from home to ‘keep markets liquid’

Sri Lanka says second Iranian ship awaits entry

Pakistan achieves targets set by it in military operation against Afghanistan: PM's aide

T20 WC: 'Battle between Archer and Samson will be fascinating to watch,' says Wassan ahead of SF clash