Power
India approves $1.53 billion viability gap funding scheme for development of 92 GWh grid-scale energy storage
CEII brief
pv magazine reported on 6 Nov 2026: India approves $1.53 billion viability gap funding scheme for development of 92 GWh grid-scale energy storage.
Read the full story on pv magazineIndia has approved INR 14,500 crore ($1.53 billion) in viability gap funding to support 92 GWh of grid-scale energy storage capacity by fiscal 2030-31.
Context from CEII
Grids decide whether generation becomes power that homes and businesses can rely on. Generation mix, transmission and distribution losses, and tariffs together shape reliability and the case for investment.
99.9% of people in India had electricity in 2024Countries in this story
Original reporting © pv magazine. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
