Author
Uma Gupta
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Articles written by Uma Gupta
Indian government: No funds for BESS in FY25 as projects fail to secure financial close
Under the viability gap funding scheme (VGF), the central government pays for up to 30% of the capital cost of battery energy storage projects to help make them financially viable. The funds are disbursed in five tranches, including the first 10% upon a project's financial close.
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