This article breaks down the major government policies, incentives, eligibility criteria, and crucially, the process to avail these benefits for companies looking to enter or
The scheme envisages to enhance India''s manufacturing capabilities of Advanced Chemistry Cell (ACC) by setting up of Giga scale ACC and battery manufacturing facilities in India with
This article breaks down the major government policies, incentives, eligibility criteria, and crucially, the process to avail these benefits for
The Ministry of Power, Government of India, has unveiled the second tranche of the Viability Gap Funding (VGF) scheme aimed at accelerating the development of standalone
India announces a ₹5,400 crore funding scheme to develop 30 GWh of battery energy storage, aiming to boost renewable energy integration and ensure grid stability. Learn
The VGF-backed scheme is expected to help meet India''s storage requirement by 2028 and attract an investment of ₹33,000 crore. At a press
The Indian government has increased the battery energy storage target of its viability gap funding (VGF) program to 13.2 GWh. The subsidy
The Ministry of Heavy Industries (MHI) administers a Production Linked Incentive (PLI) Scheme namely "National Programme on Advanced Chemistry Cell (ACC) Battery
The VGF-backed scheme is expected to help meet India''s storage requirement by 2028 and attract an investment of ₹33,000 crore. At a press conference, the minister also
The Indian government has increased the battery energy storage target of its viability gap funding (VGF) program to 13.2 GWh. The subsidy scheme provides financial
India''s government has proposed a $455.2 million subsidy initiative aimed at fostering large-scale battery storage projects. To minimize potential economic risks, the Indian
In a major move to strengthen its renewable energy infrastructure, the Indian government has significantly increased its Battery Energy Storage Systems (BESS) target
The scheme envisages to enhance India''s manufacturing capabilities of Advanced Chemistry Cell (ACC) by setting up of Giga scale ACC and battery
India''s government has proposed a $455.2 million subsidy initiative aimed at fostering large-scale battery storage projects. To minimize potential
Under the scheme, subsidies will be disbursed in five tranches: 10 percent at financial closure, 45 percent upon commissioning, and 15 percent annually over the next three years post-commissioning. This structured financial support is expected to drive private sector participation and accelerate battery storage adoption across the country.
The minister also announced an extension of the waiver of inter-state transmission charges for storage projects until June 30, 2028. The exemption will be applicable to pumped storage projects awarded and battery storage systems commissioned before the deadline.
This is in addition to the 13.2 GWh of BESS already under implementation. The VGF-backed scheme is expected to help meet India’s storage requirement by 2028 and attract an investment of ₹33,000 crore.
Project Development Timeline: Projects must be commissioned within 18 months from the date of signing the Battery Energy Storage Purchase Agreement (BESPA) or Power Purchase Agreement (PPA). PPA Requirements: Developers must sign PPAs within 90 days from the date of issuance of the scheme guidelines to qualify for VGF support.
Future Outlook: India requires 37 GWh of BESS capacity by 2027. This need will rise sharply to 236 GWh by 2032. This initiative signals a significant step in India’s roadmap toward grid decarbonization, reliable renewable energy integration, and sustainable infrastructure.
