Battery Energy Storage Systems (BESS) Viability Gap Funding Scheme

🔋🌞 Exciting News: India's 🇮🇳 Viability Gap Funding (VGF) Scheme for Battery Energy Storage Systems (BESS) is powering up sustainable energy solutions! Here's the scoop:
🌟 Objective: To develop BESS projects for clean, affordable electricity.
🎯 Goals: 4,000 MWh of BESS by 2030-31.
💰 Financial Support: Up to 40% capital cost coverage.
🏦 Budget: Rs. 9,400 Cr initial outlay, Rs. 3,760 Cr budgetary support.
📈 Cost-Competitive: Aims for Rs. 5.50-6.60/kWh LCoS.
💡 Disbursement: Funds phased over project stages for efficiency.
🏢 Discoms: 85% capacity for Distribution Companies-green grid integration!
🤝 Competition: Transparent bidding process encourages growth.
🌿 Green Commitment: India goes green with BESS-sustainable and clean future!
Harnessing renewable energy, cutting costs, and keeping it green! 🌏💡 #CleanEnergy #Sustainability #BESSScheme 🇮🇳🔋#viabilitygapfunding #storage #batterystorage #BESS #energystorage #renewableenergy #energytransition #ministryofpower #pmoindia

[@chandanmishra2396]

Very good video