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Cabinet clears ₹14,500 cr funding scheme for battery energy storage systems

The Union Cabinet on Wednesday approved Rs 14,500 crore in viability gap funding for 92 GWh of grid-scale energy storage systems between FY27 and FY31. This development is significant given India's ambitious target of 500 GW of renewable energy by 2030. The scheme is aimed at supporting the development of 92 GWh storage capacity across three technologies -- Battery Energy Storage System (30 GWh), Pumped Storage Projects (60 GWh) and Emerging Storage Technologies (2GW), Information and Broadcast…

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Business StandardCenter·1h ago
Cabinet clears ₹14,500 cr funding scheme for battery energy storage systems
The Union Cabinet on Wednesday approved Rs 14,500 crore in viability gap funding for 92 GWh of grid-scale energy storage systems between FY27 and FY31. This development is significant given India's ambitious target of 500 GW of renewable energy by 2030. The scheme is aimed at supporting the development of 92 GWh storage capacity across three technologies -- Battery Energy Storage System (30 GWh), Pumped Storage Projects (60 GWh) and Emerging Storage Technologies (2GW), Information and Broadcast…
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Cabinet clears ₹14,500 cr funding scheme for battery energy storage systems

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Cabinet clears ₹14,500 cr funding scheme for battery energy storage systems

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