India approves funding for 92GWh grid-scale storage

Argus Media · Argus Media · 2026-11-04 11:21 UTC

The Indian government has approved 145bn rupees ($1.53bn) in viability gap funding (VGF) to support the development of 92GWh of grid-scale energy storage capacity by the April 2030-March 2031 fiscal year, including 30GWh of battery energy storage systems (Bess) and 60GWh of pumped hydro storage.

The Indian government has approved 145bn rupees ($1.53bn) in viability gap funding (VGF) to support the development of 92GWh of grid-scale energy storage capacity by the April 2030-March 2031 fiscal year, including 30GWh of battery energy storage systems (Bess) and 60GWh of pumped hydro storage.

The scheme, approved on 4 November, will provide financial support during 2026-27 fiscal year to 2030-31 fiscal year and aims to accelerate the deployment of energy storage infrastructure across the country.

The planned capacity also includes 2GWh from alternative energy storage technologies. The projects are expected to attract total investment of Rs976bn, according to the government statement.

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