TAG: "Viability Gap Funding "

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NVVN Invites Bids for 500 MW/1,000 MWh BESS Projects in Rajasthan

NTPC Vidyut Vyapar Nigam Ltd. (NVVN) has issued an RfS for setting up 1,000 MWh (500 MW x 2 hrs) standalone battery energy storage systems in Rajasthan with Viability Gap Funding (VGF) support for ‘on Demand’ usage under a tariff-based competitive bidding. Bid submission ends on March 31, 2025.

Viability Gap Funding | March 01, 2025 | By Mrinmoy Dey | 270

NVVN Invites Bids for 250 MW/1,000 MWh BESS Projects

NTPC Vidyut Vyapar Nigam Ltd. (NVNN) has issued a tender for setting up 1,000 MWh (250 MW x 4 hrs) standalone battery energy storage systems (BESS) in India under TBCB with VGF support. It will have a greenshoe option of additional capacity up to 250 MW/1,000 MWh. Bid submission ends on March 24, 2025.

Viability Gap Funding | February 25, 2025 | By Mrinmoy Dey | 308

NHPC Invites Bids for 125 MW/500 MWh BESS Projects with VGF Support in Kerala

NHPC Ltd. has issued a tender for the selection of battery energy storage system (BESS) developers for setting up of 125 MW/500 MWh InSTS-connected standalone BESS in Kerala under TBCB with Viability Gap Funding (VGF) support. The last date for submission of bids is February 14, 2025.

Viability Gap Funding | January 23, 2025 | By Mrinmoy Dey | 411

Kerala Requests Additional Allocation of Power from NTPC Barh

The Kerala government has requested an extension of power allocation from NTPC Barh until June 2025 and additional support to meet the state’s growing demand, particularly as it positions itself to attract data centres and expand renewable energy, hydro, and battery storage initiatives.

Viability Gap Funding | December 23, 2024 | By Mrinmoy Dey | 553

MNRE to Mandate Battery Energy Storage in Solar and Wind Power Plants

The Ministry of New and Renewable Energy (MNRE) is considering mandating battery storage for new solar and wind projects, starting with 10 percent of a plant’s capacity, and gradually increasing it aligning with the decreasing battery prices, stated MNRE Secretary Prashant Kumar Singh at the CII's 21st Global MSME Business Summit.

Viability Gap Funding | December 17, 2024 | By Mrinmoy Dey | 1565

Andhra Pradesh Seeks Central Support on Thermal Power Infra and VGF Support for BESS

The Andhra Pradesh government has sought central assistance on power allocation, coal linkage, renovation of older thermal units, and viability gap funding (VGF) for battery energy storage systems (BESS) during Union Power Minister Manohar Lal's review of the state's power and urban development sectors.

Viability Gap Funding | December 09, 2024 | By Mrinmoy Dey | 796

HG Infra, Bhilwara Energy, Kintech Synergy and Advait Infratech Win GUVNL’s 500 MW/1000 MWh BESS Auction

HG Infra Engineering, Bhilwara Energy, Kintech Synergy, and Advait Infratech have secured contracts in GUVNL’s 500 MW/1000 MWh BESS auction, which achieved an L1 tariff of INR 2.259 lakh per MW per month.

Viability Gap Funding | November 30, 2024 | By Mrinmoy Dey | 1210

HG Infra Secures 250 MW/500 MWh Standalone BESS Project from GUVNL

HG Infra Engineering has secured a 250 MW/500 MWh battery energy storage project in Gujarat from Gujarat Urja Vikas Nigam Ltd. (GUVNL) under tariff-based global competitive bidding (Phase-IV) with Viability Gap Funding (VGF) support.

Viability Gap Funding | November 30, 2024 | By Mrinmoy Dey | 1004

India Needs to Diversify Critical Mineral Sourcing to Achieve RE Goals: IEEFA Report

India must strategically shape its import policy to mitigate trade risks and secure critical minerals essential for its energy transition, according to a report by the Institute for Energy Economics and Financial Analysis (IEEFA).

Viability Gap Funding | October 28, 2024 | By Mrinmoy Dey | 483

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.

Viability Gap Funding | September 26, 2024 | By Mrinmoy Dey | 1229