TAG: "Viability Gap Funding "

News

NHEV and TRANSVOLT Partner on World EV Day to Deploy 1000 Electric Trucks

The 1,000 electric truck deployment follows a sharp rise in EV truck sales in August 2025, spurred by the ₹500 crore PM E-DRIVE scheme offering ₹2.7–9.3 lakh in upfront subsidies per truck.

Viability Gap Funding | September 11, 2025 | By News Bureau |  774

RVUNL Invites Bids for 500 MW/2,000 MWh Standalone BESS Projects in Rajasthan

Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) has invited bids to set up a 500 MW/2,000 MWh standalone battery energy storage system in Jaisalmer, Rajasthan, under the second tranche of the VGF scheme. Bid submission ends on September 23, 2025.

Viability Gap Funding | August 11, 2025 | By Mrinmoy Dey |  782

43 GWh of BESS Supported Under VGF Scheme with INR 9,160 Cr Outlay: Power Minister

To strengthen grid reliability and accelerate the clean energy transition, the Ministry of Power launched the Viability Gap Funding scheme to support 43 GWh of Battery Energy Storage Systems (BESS), allocating INR 9,160 crore, stated Union Power Minister Manohar Lal during a high-level Consultative Committee meeting.

Viability Gap Funding | August 06, 2025 | By Mrinmoy Dey |  571

Govt Tightens VGF Norms for BESS Projects; Mandates Indigenous EMS, Bans Refurbished Cells

The Ministry of Power has revised the guidelines for the second tranche of the VGF scheme for battery energy storage systems, mandating indigenous EMS software and prohibiting refurbished battery cells to ensure higher quality standards.

Viability Gap Funding | August 05, 2025 | By Mrinmoy Dey |  1335

Ministry of Power Approves INR 5,400 Cr VGF to Develop 30 GWh BESS Across 15 States and NTPC

The Ministry of Power has approved the second tranche of its Viability Gap Funding (VGF) scheme, allocating INR 5,400 crore from the Power System Development Fund (PSDF) to support 30 GWh of Battery Energy Storage Systems (BESS) across 15 states and NTPC, as part of India’s push to integrate more renewable energy into the national grid.

Viability Gap Funding | June 10, 2025 | By Mrinmoy Dey |  2329

Government Triples Battery Storage Target to 13,200 MWh Under VGF Amid Falling Costs

India has increased its Battery Energy Storage Systems (BESS) target under the VGF scheme from 4,000 MWh to 13,200 MWh by 2027-28, leveraging falling costs. The move aims to enhance renewable energy integration, stabilise the grid, and attract private investment.

Viability Gap Funding | March 19, 2025 | By EI News Network |  2547

TNGECL Invites Bids for 500 MW/1000 MWh Standalone BESS Projects in Tamil Nadu

Tamil Nadu Green Energy Corporation Ltd. (TNGECL) has issued a tender for setting up 6 grid-connected standalone BESS projects totalling 500 MW/1,000 MWh with VGF support under a tariff-based competitive bidding. Bid submission ends on April 2, 2025.

Viability Gap Funding | March 15, 2025 | By Mrinmoy Dey |  1610

NVVN Invites Bids for 500 MW/1,000 MWh BESS Projects in Rajasthan

NTPC Vidyut Vyapar Nigam Ltd. (NVVN) has issued an RfS for setting up 1,000 MWh (500 MW x 2 hrs) standalone battery energy storage systems in Rajasthan with Viability Gap Funding (VGF) support for ‘on Demand’ usage under a tariff-based competitive bidding. Bid submission ends on March 31, 2025.

Viability Gap Funding | March 01, 2025 | By Mrinmoy Dey |  1333

NVVN Invites Bids for 250 MW/1,000 MWh BESS Projects

NTPC Vidyut Vyapar Nigam Ltd. (NVNN) has issued a tender for setting up 1,000 MWh (250 MW x 4 hrs) standalone battery energy storage systems (BESS) in India under TBCB with VGF support. It will have a greenshoe option of additional capacity up to 250 MW/1,000 MWh. Bid submission ends on March 24, 2025.

Viability Gap Funding | February 25, 2025 | By Mrinmoy Dey |  1255

NHPC Invites Bids for 125 MW/500 MWh BESS Projects with VGF Support in Kerala

NHPC Ltd. has issued a tender for the selection of battery energy storage system (BESS) developers for setting up of 125 MW/500 MWh InSTS-connected standalone BESS in Kerala under TBCB with Viability Gap Funding (VGF) support. The last date for submission of bids is February 14, 2025.

Viability Gap Funding | January 23, 2025 | By Mrinmoy Dey |  975

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Interviews

Global Learnings and Local Adaptations: Fluence’s GIC Shaping Future of Energy Storage in India

Dhanya Rajeswaran, Global Vice President & Country Managing Director for India at Fluence

Viability Gap Funding | December 19, 2024 | By Abha Rustagi |  1074