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No funds disbursed under VGF scheme in FY25 as BESS projects fail to secure financial closure

Summary by Pv Magazine India
Under the viability gap funding scheme, the central government pays for up to 30% of the capital cost for battery energy storage projects to help make these projects financially viable. The funds are disbursed in five tranches, including the first 10% upon financial closure of the project.No funds were spent under the government’s viability gap funding (VGF) scheme for battery energy storage systems (BESS) during 2024-25, as none of the BESS pro…
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pv magazine Indiapv magazine India

No funds disbursed under VGF scheme in FY25 as BESS projects fail to secure financial closure

Under the viability gap funding scheme, the central government pays for up to 30% of the capital cost for battery energy storage projects to help make these projects financially viable. The funds are disbursed in five tranches, including the first 10% upon financial closure of the project.No funds were spent under the government’s viability gap funding (VGF) scheme for battery energy storage systems (BESS) during 2024-25, as none of the BESS pro…

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pv magazine India broke the news in on Friday, April 4, 2025.
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