Tag: Viability gap funding (VGF)

India's government is taking a proactive approach to revolutionize the country's energy landscape by promoting the development of grid-scale battery storage systems. As part of its ambitious plan to achieve 500 gigawatts (GW) of renewable energy capacity by 2030, the government is working on a production linked incentive (PLI) scheme worth up to ₹15,000 crore. This scheme aims to encourage the establishment of battery energy storage systems (BESS) to store renewable energy and ensure grid stability during peak demand. In this blog post, we will explore the significance of...