Union Cabinet approves ₹14,500 crore VGF scheme to develop large scale energy storage in India
The Union Cabinet has approved a ₹14,500 crore Viability Gap Funding (VGF) scheme for the development of grid-scale energy storage systems for the period 2026-27 to 2030-31, the government announced on Wednesday. According to the government, the scheme is aimed at supporting the development of 92 GWh of fresh, yet-to-be-commissioned, energy storage capacity across the…