India Plans Bigger Support to Boost Offshore Wind Power Projects

India Plans Bigger Support to Boost Offshore Wind Power Projects

February 21, 2026

India is planning to increase government help for offshore wind energy projects to make them more attractive for investors and developers, following weak interest in earlier bids and high costs in building at sea. Officials say the additional measures aim to speed up clean energy growth and help the country reach its renewable power goals, including achieving 500 GW of non-fossil fuel capacity by 2030.

The government is considering raising the available financial support under its Viability Gap Funding (VGF) scheme, which currently has an allocation of around ₹7,543 crore, and has asked international bodies like the World Bank and consulting firm KPMG to study how much more funding may be needed to attract investors. The move comes after India’s first offshore wind tender, held off Gujarat’s coast, failed to draw any bids, highlighting challenges in financing such capital-intensive projects.

Offshore wind energy is seen as a key part of India’s renewable strategy due to the country’s long coastline and large untapped potential estimated in the tens of gigawatts. Stronger financial incentives are expected to help lower the risk for developers and encourage private sector interest, which could accelerate deployment of offshore wind farms in the coming years