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05Nov 2026

UGI USER
500 crore battery energy storage systems energy storage scheme energy transition grid-scale energy storage India renewable energy pumped storage Union Cabinet VGF scheme viability gap funding ₹14
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Cabinet Approves ₹14,500-Crore Energy Storage Plan

CABINET APPROVES ₹14,500-CRORE ENERGY STORAGE SCHEME WHY IN THE NEWS ? The Union Cabinet approved a ₹14,500-crore Viability Gap Funding (VGF) Scheme for grid-scale energy storage during 2026-27 to 2030-31. It aims to support 92 GWh of new storage capacity and strengthen India’s renewable energy integration and grid stability. VGF SCHEME: KEY FEATURES AND TARGETS …