Govt approves ₹14,500-crore VGF scheme for grid-scale energy storage systems
BusinessLine 1 hr ago·4 Nov 2026, 11:16 am
The Indian government has cleared a ₹14,500‑crore Viability Gap Funding (VGF) programme to promote grid‑scale energy storage. The plan targets the addition of roughly 92 GWh of storage capacity, which will be built through a series of projects across the power network.
For investors, the scheme signals a push to strengthen the country’s renewable‑energy backbone. More storage means smoother integration of solar and wind power, reduced curtailment, and a more reliable grid—factors that could lift demand for battery manufacturers, storage system integrators, and related infrastructure firms.
Going forward, market participants will watch how quickly the funds are allocated, the specific tender rules, and any incentives for domestic component makers. The pace of project approvals and the rollout of the first storage installations will be key indicators of the scheme’s impact on the sector.
Excerpt from BusinessLine
The scheme aims to support the development of 92 GWh of energy storage capacity across the country The Cabinet on Wednesday approved the viability gap funding (VGF) scheme for development of grid-scale energy storage systems, with a total financial support of ₹14,500 crore from FY27 to FY31. The scheme aims to support…Read the original at BusinessLine
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