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India Turns to Offshore Renewables for Net-Zero Future

India Turns to Offshore Renewables for Net-Zero Future

NEW DELHI--February 12, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--As part of its effort to reach a "net-zero" carbon footprint by 2070, India is emphasizing offshore wind energy in its Interim Budget for 2024-25. The budget allocates "viability gap funding" of about US$1.5 billion to develop 1 gigawatt (GW) of capacity.