Ministry Proposes Viability Gap Funding for Energy Storage Projects
The government has proposed various measures to accelerate ESS project implementation
September 4, 2023
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The Ministry of Power has released a comprehensive framework to create an ecosystem for developing energy storage systems (ESS) to guarantee affordable, clean, stable, flexible, and secure power. The recommendations range from financial incentives to changes in bidding guidelines for storage projects. The Ministry has proposed policy and regulatory measures that are either under review or may be contemplated in the future.