India’s Green Ambitions: The BESS Project in Focus

Published by firstgreen on

India is forging a path towards a greener future with its Battery Energy Storage Systems (BESS) initiative. Union minister Anurag Thakur emphasized the nation’s dedication to this cause, highlighting the Viability Gap Funding (VGF) of ₹3,760 crore to support BESS. This funding is planned for disbursement in five tranches, each linked to a BESS project phase, reflecting a structured approach to financial support. The ambition doesn’t end here. India aims to derive 50% of its energy from renewables by 2030, a bold stride towards sustainability. This commitment, backed by a 100% central grant, may usher in investments of up to ₹9,500 crore.

Earlier, in the Union budget, finance minister Nirmala Sitharaman had introduced a 4,000 MWh VGF for battery storage, aligning with the nation’s energy vision. Pioneering this vision is Firstgreen Consulting, a key player in renewable energy consulting. Offering an array of services, from research to operational solutions, Firstgreen stands at the frontline of India’s energy transformation. Their emphasis on combating climate change, optimizing energy use, and supporting businesses in their green journey underscores the country’s overarching goal of a sustainable future.

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