VGF

SJVN Awards 375 MW/ 1.5 GWh UP BESS Project To Patel Infra & Enerica Infra

SJVN has awarded its 375 MW/1.5 GWh battery energy storage system (BESS) project in Uttar Pradesh to Gujarat-based Patel Infrastructure and Uttar Pradesh-based Enerica, according to tender results. It issued the tender for this project in February and declared the results after four months. Patel Infrastructure secured 187.5 MW/750 MWh at ₹3,59,000 per MW/month, while […]

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TNGECL Awards 1,000 MWh BESS Tender To NLC, Bondada, Oriana

Tamil Nadu Green Energy Corporation Ltd (TNGECL) has awarded contracts for its 500 MW/1,000 MWh standalone Battery Energy Storage System (BESS) project to NLC India Renewables Ltd (NIRL), Bondada Engineering, and Oriana Power. The auction, issued in March 2025, concluded within three months. The winning bidders will develop the BESS projects across six locations in […]

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Solar-Plus-ESS Delivers 95% Clean Power Under ₹6/kWh: Report

India’s recent energy storage auctions have yielded record-low prices, with unsubsidized standalone battery storage bids at ₹2.8 lakh/MW/month and solar-plus-storage bids ranging from ₹3.1 to ₹3.5/kWh, according to a report by the India Energy and Climate Center (IECC). The report noted that, based on implied solar and storage costs from these bids and bottom-up global […]

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Q1 2025: ESS Accounts For 64% Utility-Scale Tendering Activity 

India’s Standalone Energy Storage Systems (ESS) are becoming the backbone of India’s utility-scale ESS auctions, accounting for 64% of the total tenders issued between January and March 2025 alone, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics. The report finds that various Indian […]

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No Viability Gap Funding Released For BESS In FY25: Govt

The Ministry of New and Renewable Energy (MNRE) said that it has not issued any viability gap funding (VGF) for battery energy storage system in FY25. The Union Cabinet approved the Viability Gap Funding (VGF) scheme for Battery Energy Storage Systems (BESS) on September 6, 2023, to support sector development. Under the scheme guidelines, 10% of […]

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Telangana Discovers BESS Tariff At ₹2.40 Lac/MW/Month

Telangana has awarded its 500 MWh with a standalone Battery Energy Storage System (BESS) project tender at a tariff in the range of Rs. 2.40-2.45 lakh/MW/month. This is one of the first tenders released by Telangana Genco (TGGENCO) for a 500 MWh (250 MW x 2 hours) project. TGGENCO issued the tender with Viability Gap […]

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NVVN Issues 250 MW/1000 MWh BESS Tender With VGF Support

NVVN, a wholly owned subsidiary of NTPC Limited, has issued a tender for a 250 MW/1000 MWh standalone Battery Energy Storage System (BESS) with Viability Gap Funding (VGF) support. The tender includes a greenshoe option for an additional capacity of up to 250 MW/1000 MWh. It has set March 24, 2025 NVVN has been nominated […]

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SECI Floats 125 MW/500 MWh BESS Tender in Kerala With VGF

The Solar Energy Corporation of India (SECI) recently released a tender to set up a 125 MW/500 MWh standalone Battery Energy Storage System (BESS) in Kerala with Viability Gap Funding (VGF) support. The last date for bid submission is set as February 6, 2025. This marks the 22nd standalone BESS tender in India. This is […]

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President Approves VGF Scheme For 1 GW Offshore Wind Projects

President of India, Droupadi Murmu, has approved the government’s plan to award Viability Gap Funding (VGF) to boost offshore wind projects in India. The Ministry of New and Renewable Energy (MNRE), in its latest notification, stated that it has received approval for the plan. With the President’s sanction, India is now set to provide VGF […]

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