No Viability Gap Funding Released For BESS In FY25: Govt Updated On Fri, Apr 4th, 2025 by Saurenergy 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 […] Read more
CEA Clarifies On New Energy Storage Rule Updated On Wed, Apr 2nd, 2025 by Saurenergy The Ministry of Power (MoP) has amended its provisions to clarify that ongoing government schemes, such as the PM Surya Ghar Muft Bijli Yojana, will continue under their existing rules without new energy storage mandates. It further specified that the energy storage system (ESS) co-location requirement applies only to future solar tenders and not to […] Read more
Govt Proposes Mandating RE for Open Access, Captive Users Updated On Fri, Mar 28th, 2025 by Saurenergy The Indian government has recently amended the renewable Energy Consumption Obligation (RCO) rules to facilitate open access consumers and captive power users, ensuring a smoother regulatory framework for renewable energy obligations. The Ministry of Power (MoP) issued a notification detailing these changes, aiming to enhance compliance with renewable energy consumption mandates. The government has sought […] Read more
NTPC Secures Highest VGF Support For CPSU Scheme Updated On Thu, Mar 13th, 2025 by Saurenergy NTPC has emerged as the largest beneficiary of the central government grant under the Central Public Sector Undertaking (CPSU) Scheme Phase-II (Government Producer Scheme). Latest data shared by the government before the Rajya Sabha revealed the levels of allocations given to different CPSUs. The government aids these CPSUs for setting up grid-connected Solar Photovoltaic (PV) […] Read more
NGEL Invites EoI For 4 MW/12 MWh Solar Plus BESS Project In Great Nicobar Updated On Wed, Mar 12th, 2025 by Saurenergy NTPC Green Energy Limited (NGEL), an NTPC subsidiary, has issued a tender to build a solar plant with a Battery Energy Storage System (BESS) at Great Nicobar Island (GNI), India. NGEL through this EoI targets building a tentative planned capacity of up to 5 MW for the solar plant with a BESS capacity of up […] Read more
Madhya Pradesh Issues PHS Policy To Add 12 GW Of 4-Hour ESS Updated On Tue, Mar 11th, 2025 by Saurenergy Madhya Pradesh requires 29,956 MW of solar and 5,293 MW of wind capacity by 2034-35 to meet its energy demand. Under the CEA’s resource adequacy plan for Madhya Pradesh, it projects a 5.36% compound annual growth rate (CAGR) in energy capacity from 2024-25 to 2034-35 to meet state power needs. Madhya Pradesh’s recent scheme for […] Read more
Adani Green Wins 1.25 GW Pumped Hydro Storage Project From UPPCL Updated On Thu, Feb 27th, 2025 by Saurenergy Adani Green Energy Limited (AGEL), has received a Letter of Award (LOA) from Uttar Pradesh Power Corporation Limited (UPPCL) for 1,250 MW of energy storage capacity from Pumped Hydro Storage Projects (PSP). The Panaura PSP project has a minimum commitment of 40 years. It will be located in Sonbhadra district, Uttar Pradesh, and is expected […] Read more
FDRE Projects Prone To Several Financial Risks, Says EMBER Updated On Tue, Feb 25th, 2025 by Saurenergy A new report from Ember maps various financial risks associated with renewable projects. Based on the assessment of these risks, the report estimates the premiums associated with them and the overall impact of the risks on the cost of capital. The report moves beyond traditional “thumb rules” for calculating risk premiums by adopting a data—and […] Read more
CERC Adopts tariff For SECI’s 1200 MW Wind Solar Hybrid Projects Updated On Thu, Feb 20th, 2025 by Saurenergy In an order dated February 18, the Central Electricity Regulatory Commission has adopted the proposed tariffs for SECI’s 1200 MW Hybrid projects comprising wind and solar energy under Tranche VIII. SECI had issued the letter of awards to the winning bidders on June 20, 2024. The projects will now await the signing of formal PPAs, […] Read more
