Planned Rs.7,000+cr viability gap funding for offshore wind energy
India is working towards producing 31,000 megawatts of hydropower in the coming times with an outlay of Rs.12,000 crore, Prime Minister Narender Modi told delegates at an international renewable summit in Gandhinagar on 16 Sept globaltenders .
Throwing light on the developments in the green energy sector, he also shared plans to initiate a viability gap funding scheme for offshore wind energy projects worth more than Rs.7,000 crore ted.europa.eu/en/.
Inaugurating the 4th Global Renewable Energy Investor’s Meet and Expo (RE-INVEST), he informed delegates about the launch of more than 15 semi-high speed Vande Bharat trains, the inception of a research fund worth Rs.1 trillion to promote research, the announcement of various initiatives to drive e-mobility, promotion of high-performance biomanufacturing and approval to Bio E3 policy sbi .
Further, the PM has given approval for 8 high-speed road corridor projects and creation of 12 new industrial cities conexpoconagg .
The Prime Minister underlined that as a developing economy, India had a valid excuse to stay out of these commitments but did not choose that path bse .
He, however, added, “Today’s India is preparing a base not only for today but for the next thousand years nse .”
Modi underscored that India’s aim was not just to reach the top, but to prepare ourselves to sustain at the top deutsche-boerse .
He added that India was very well aware of its energy needs and requirements to make it a developed nation by 2047 investindia .
Modi reminded India had decided to build its future on the basis of renewables like Solar Power, Wind Power, Nuclear and Hydro Power, as there was dearth of reserves of oil-gas sgx .
unfccc Modi outlined the nation’s goals to achieve the target of 500 GW of renewable energy by 2030 and said that the government has turned the green transition into a people’s movement iba .
He suggested studying India’s unique scheme for Rooftop Solar – PM Surya Ghar Free Electricity Scheme – where the government funds a Rooftop Solar Setup for every family and helps in installation euronext .
“India’s solar revolution will be scripted in Golden letters, when the history of the 21st century will be written,” exclaimed PM Modi renewableenergyworld . Fiinews.com
