Support for the development of Battery Energy Storage Systems (BESS) -Scheme for Viability Gap Funding (VGF)

I September 2023, the Indian Ministry of Power earmarked funding for a project grant scheme supporting the development of Battery Energy Storage Systems (BESS). The scheme will provide viability gap funding for BESS projects up to a total of 40% of capital costs, by 2030-31. The Indian government aims to invest in the development of up to a capacity of 4000 MWh. 

Want to know more about this policy ? Learn more