India Unveils Second VGF Tranche for 30 GWh BESS Development
The disbursement of VGF will be milestone-based: 20% upon financial closure, 50% upon commissioning, and the remaining 30% after one year of operation
Boost for Battery Components: CEA Calls for Incentives in India
The CEA emphasized India’s need to enhance local manufacturing of crucial battery components such as BMS, fire protection systems, liquid cooling systems, and BESS containers.
India Triples Battery Storage Target to 13,200 MWh Under VGF
India has increased its battery storage target to 13,200 MWh under the VGF scheme, making projects more financially viable
Cabinet approves VGF for Offshore Wind Energy Projects
The successful commissioning of 1 GW offshore wind projects will produce renewable electricity of about 3.72 billion units annually
