#India&039;s VGF Fund

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India's ₹3,760Cr Viability Gap Fund for Battery Storage Systems to Meet 50% Energy Need

Indian Union Cabinet has granted approval for a ₹3,760 crore Viability Gap Fund (VGF) dedicated to battery energy storage systems (BESS) has given a significant move to bolster the renewable energy sector, and fuels its ambitions to meet 50% of the nations energy requirements. This financial boost comes at a crucial juncture when the renewable energy industry relies on efficient energy storage…