NEW DELHI : The government plans to introduce a viability gap funding (VGF) scheme to support capital-intensive floating solar projects, two people familiar with the development said.
“The scheme would be designed to meet the gap of 25-30% in the overall cost that developers find difficult to spend on such projects. The sector would require some support to grow as it requires higher investments and is still in the nascent stage in the country," one of the people said, requesting anonymity.
The government aims to attract private investments in costly power generation technology to reduce the reliance on vast stretches of land to set up solar parks.
Queries mailed to the spokesperson for the ministry of new and renewable energy remained unanswered.
Esta historia es de la edición June 03, 2023 de Mint Mumbai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición June 03, 2023 de Mint Mumbai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
How sports became the MVP of brand building
With its emotional resonance, evolving digital capabilities and unmatched reach, sports offers brands an opportunity to create lasting legacies
What makes Indian roads the deadliest?
A road accident in Dehradun early on Tuesday last week killed six and left one critically injured—a stark reminder of Indian roads being the world's deadliest, with the highest fatalities globally.
Macrotech aims to scale digital infra business on its own
Its digital infra portfolio under Lodha Industrial and Logistics Park is 5 mn sqft across 3 warehousing & industrial parks
Amazon India relocating HQ
The company's move from World Trade Centre raises questions about how Brigade would find a new tenant
Data dive: Should RBI let the rupee weaken?
To smoothen the fluctuations in the rupee, the Reserve Bank of India (RBI) has often intervened in the markets with its kitty of foreign exchange reserves.
Hero MotoCorp's ride may be easy
Accelerating growth
Investors lose nearly ₹50 tn in 7 weeks
Broader markets also fell, with Nifty Midcap 150 down 10.7% and Nifty Smallcap 250 falling 10.1% as of Thursday
BLINDED BY A LOT OF SOAP, BUBBLES—AND TRADITION
Bertie realised that the real problem wasn't over-borrowing, but it was over-lending
High valuations won't stop investors from buying Indian equities
India stands out as a compelling growth and transformation story, largely driven by infrastructure...Stefan Hofer MD & chief investment strategist at LGT Bank Asia
Edtech cos eye skilling in nursing, healthcare
Upskilling in healthcare services has emerged as big business opportunity
