Cabinet clears ₹14,500 crore viability gap funding scheme for 92 GWh battery energy storage systems
The Indian Union Cabinet has approved a ₹14,500 crore viability gap funding scheme to support 92 GWh of grid-scale energy storage projects. The initiative aims to bolster India's renewable energy infrastructure through battery, pumped storage, and emerging technologies by 2031.
Why it matters
This funding is a critical step toward India's goal of achieving 500 GW of renewable energy capacity by 2030 by addressing grid stability challenges.
NEW DELHI The Union Cabinet on Wednesday (November 4, 2026) approved ₹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.
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