Energy Storage News•2 months ago
India introduces 20% domestic content rule for Viability Gap Funding of battery storage
- •The Indian government has implemented a new policy requiring 20% domestic content for battery storage projects to qualify for Viability Gap Funding (VGF).
- •This policy aims to stimulate local manufacturing and supply chain development for battery storage components within India.
- •Developers and IPPs pursuing battery storage projects in India will need to adjust their procurement strategies to meet the domestic content threshold, potentially impacting project costs, timelines, and supplier selection.
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