Govt approves Rs 3,760 cr viability gap funding to boost energy storage
The Union Cabinet on Wednesday approved viability gap funding worth Rs 3,760 for battery energy storage systems to increase renewable energy capacity, Union Minister Anurag Thakur said.
He said India meets around 15 per cent of its electricity requirement through renewable energy and 25 per cent if hydropower is included.
Thakur said, “We have set the goal of being able to meet 50 per cent of our energy requirement from renewable or non-fossil energy sources by 2030. We are committed to this. We have also met other targets before time.
