India approves $1.53 billion viability gap funding scheme for development of 92 GWh grid-scale energy storage

T2Covered by 1 source · first reported by Utility Dive / pv magazine / Energy-Storage.news at 06 Nov, 06:59 UTC

India has approved INR 14,500 crore ($1.53 billion) in viability gap funding to support 92 GWh of grid-scale energy storage capacity by fiscal 2030-31. The scheme covers pumped hydro, battery and alternative storage technologies, with a 40% domestic content requirement for battery projects. The…

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Sources

• T2India approves $1.53 billion viability gap funding scheme for development of 92 GWh grid-scale energy storageUtility Dive / pv magazine / Energy-Storage.news06 Nov, 06:59