VGF

Haryana to commission 20 MWh VGF-backed BESS capacity by July 2027

Haryana is expected to commission a total of 20 MWh of battery energy storage system (BESS) capacity by July 2027, it was recently informed in Parliament. According to information tabled in the Rajya Sabha in the Read more

TANTRANSCO permitted to lease land at nominal rates for BESS projects

Tamil Nadu Electricity Regulatory Commission (TNERC) has permitted state utility Tamil Nadu Transmission Corporation Ltd (TANTRANSCO) to lease substation land to developers of upcoming battery energy storage system (BESS) projects in the southern state, at nominal rates. In its Read more

Over 51 GWh of BESS capacity in the pipeline, Parliament informed

It was recently informed in Parliament that over 51 GWh of battery energy storage system (BESS) capacity is currently under construction or under bidding. In a written reply tabled in the ongoing Lok Sabha session, Shripad Naik, Minister of Read more

Bondada Engineering wins BESS project in Tamil Nadu

Hyderabad-headquartered Bondada Engineering Ltd has been awarded a battery energy storage system (BESS) project in Tamil Nadu, under competitive bidding. In a stock exchange communication, Bondada said that the letter of award was placed by Tamil Nadu Green Energy Read more

Prostarm wins BESS project in Bihar under competitive bidding

Prostarm Info Systems Ltd has received the letter of intent for setting up a battery energy storage system (BESS) in Bihar. The mandate was awarded under tariff-based competitive bidding. In a stock exchange communication, Navi Mumbai-headquartered Prostarm Info Systems Read more

Power ministry launches Rs.5,400-crore VGF scheme for 30 GWh BESS capacity

The Union power ministry has announced a viability gap funding (VGF) scheme worth Rs.5,400 crore for supporting 30,000 MWh (or 30 GWh) of BESS capacity. The scheme will provide VGF of Rs.18 lakh per MWh with a view to Read more

PM dedicates to the nation India’s largest solar-powered BESS project

    Prime Minister Narendra Modi, on February 24, 2024, dedicated to the nation India’s largest solar-powered battery energy storage system (BESS) project. The project, located in Rajnandgaon, Chhattisgarh, was commissioned by Solar Energy Corporation of India Ltd ( Read more

Union Cabinet approves VGF scheme for BESS

The Union Cabinet has approved the “Scheme for Viability Gap Funding (VGF) for development of Battery Energy Storage Systems (BESS),” a government release said.   The approved scheme envisages development of 4,000 MWh of BESS projects by 2030-31, with financial Read more

Rajasthan Solar | T&D India

IRCON International wins 500-mw solar power project in IREDA auction

  IRCON International, a Central government enterprise, has won the rights to develop a 500-mw solar project under an auction conducted by nodal agency IREDA. In a stock exchange filing, IRCON International said that the company has Read more