TAG: "Viability Gap Funding "

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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 | 298

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 | 464

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 | 1347

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 | 708

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 | 1042

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 | 879

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 | 436

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 | 1104

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.

Viability Gap Funding | September 14, 2024 | By EI News Network | 972

NVNN Invites Bids for 250 MW/500 MWh Standalone BESS

Through this tender, NVNN wants to select Battery Energy Storage System Developers to set up 500 MWh (250 MW x 2 hrs) standalone battery energy storage systems in India for ‘on Demand’ usage under Tariff-based Competitive Bidding (ESS-I).

Viability Gap Funding | September 10, 2024 | By EI News Network | 973