TAG: "VGF"

News

Union Cabinet's INR 7,453 Crore VGF Approval to Boost Offshore Wind Energy Investment: CRISIL

The VGF support will reduce the cost of power from offshore wind projects, which are costlier than onshore wind farms, and encourage developers to enter this space.

VGF | June 28, 2024 | By Abha Rustagi | 1034

Union Cabinet Approves INR 7453 Crore VGF Scheme for Offshore Wind Energy Projects

The VGF scheme will allocate INR 6853 crore for the installation and commissioning of 1 GW of offshore wind energy projects.

VGF | June 20, 2024 | By Abha Rustagi | 1180

MNRE Establishes Strategies for Implementing BESS to Ensure Continuous RE Supply

Discussions revolved around ensuring that BESS can supply electricity during peak demand periods while simultaneously stabilizing the grid.

VGF | February 26, 2024 | By Abha Rustagi | 1684

85 Percent of VGF-funded BESS Power Reserved for Discoms: Power Minister

This initiative aims to bolster India's renewable energy capacity and involves the allocation of up to 40 percent of the capital cost for BESS through VGF.

VGF | December 27, 2023 | By Abha Rustagi | 1332

4,000 MWh Battery System Set to Cut 1.3 MMT of CO2 Annually: Union Minister

The scheme, slated for approval over a three-year period from 2023-24 to 2025-26, will see the disbursement of funds in five tranches extending up to the fiscal year 2030-31.

VGF | December 06, 2023 | By Abha Rustagi | 1446