TAG: "VGF scheme "

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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.

VGF Scheme | March 19, 2025 | By EI News Network |  640

CPSU Scheme Phase-II Powers Solar Expansion with Viability Gap Funding

Minister Shripad Yesso Naik informed Rajya Sabha about CPSU Phase-II, supporting NTPC, SJVN Green Energy, NHPC, NLC India, and others with Viability Gap Funding (VGF) for solar projects using Indian-made PV modules, managed by SECI and IREDA without PPAs.

VGF Scheme | March 14, 2025 | By EI News Network |  520

10 Years of Make in India: Solar PV Module Manufacturing Capacity Surges to 67 GW from 2.3 GW

India’s solar PV module manufacturing capacity has increased to 67 GW from a mere 2.3 GW in 10 years since the Make in India initiative was launched. Another 48 GW is in the pipeline, as the government continues to incentivise domestic production of solar panel components.

VGF Scheme | September 26, 2024 | By Mrinmoy Dey |  1292

Government Launches VGF Scheme for 1,000 MW Offshore Wind Projects

The Government of India has approved the 'Viability Gap Funding (VGF) scheme for offshore wind energy projects' with a total outlay of INR 7453 crore including VGF of INR 6853 crore for installation of 1000 MW of offshore wind energy projects.

VGF Scheme | September 14, 2024 | By EI News Network |  1164

GWEC Hails VGF Scheme Approval for India's Offshore Wind Sector

GWEC met with the Ministry of New and Renewable Energy (MNRE) in 2022 and pressed for financial support mechanisms such as VGF in India.

VGF Scheme | July 08, 2024 | By Abha Rustagi |  1932

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 Scheme | June 28, 2024 | By Abha Rustagi |  1149

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 Scheme | June 20, 2024 | By Abha Rustagi |  1313

Ministry of Power Releases VGF Guidelines for Development of BESS

Under the scheme, projects must be commissioned within 24 months from the signing of the Battery Energy Storage Purchase Agreement (BESPA).

VGF Scheme | March 22, 2024 | By Abha Rustagi |  2196

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 Scheme | December 27, 2023 | By Abha Rustagi |  1487

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