Wire · operational-macro
Cabinet approves Rs.14,500 crore Viability Gap Funding Scheme for development of 92 ...
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Fusion42 · 4 November 2026 · Fusion42 review
India's government has approved a Rs.14,500 crore Viability Gap Funding Scheme to support the development of 92 GWh of grid-scale energy storage capacity, including battery and pumped storage systems, aiming to enhance renewable energy integration and grid stability while promoting domestic manufacturing with a 40% minimum domestic content requirement.
This Wire brief sits within Fusion42's coverage of Climate Tech, and 2 sources have reported it.
◆ ◆ The Wire takeaway
You have a new route to finance large-scale energy storage projects in India with government backing and guaranteed demand for locally made batteries. Your manufacturing or project development plans must now factor in this funding and the domestic content rules or risk losing out.
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2 sources · 4 Nov 2026
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