India Approves Scheme for Significant Battery Energy Storage Surge for Renewable Energy

  • The Union Cabinet approved the Viability Gap Funding (VGF) scheme for excess wind and solar power storage, aiming to develop 4,000 MWh of Battery Energy Storage System projects by FY31.
  • The scheme, allocated with initial outlay of Rs 9,400 crore, benefits both public and private entities, offering grants through a competitive bidding process.
  • The move aims to improve renewable energy integration, optimise grid use, cut carbon emissions, and reduce reliance on fossil fuels.
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