Cabinet Clears Rs 14,500 Cr Viability Gap Funding Scheme for 92 GWh Battery Energy Storage Systems

Authored By PTI | Published at: Nov 4, 2026 03:19 PM IST

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New Delhi: The Union Cabinet on Wednesday approved Rs 14,500 crore in viability gap funding for 92 GWh of grid-scale energy storage systems between FY27 and FY31.

This development is significant given India’s ambitious target of 500 GW of renewable energy by 2030.

The scheme is aimed at supporting the development of 92 GWh storage capacity across three technologies — Battery Energy Storage System (30 GWh), Pumped Storage Projects (60 GWh) and Emerging Storage Technologies (2GW), Information and Broadcasting Minister Ashwini Vaishnaw said in a media briefing here.

The minister said the scheme will be implemented for five years till 2030-31.

(Disclaimer: Except for the headline, this article has not been edited by HDFC Sky editorial team and is auto-generated from PTI feed.)

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