{"id":634626,"date":"2024-02-15T10:26:13","date_gmt":"2024-02-15T04:56:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=634626"},"modified":"2024-02-15T11:36:02","modified_gmt":"2024-02-15T06:06:02","slug":"govt-grants-policy-support-to-power-4-gw-battery-capex-by-fiscal-2028-says-crisil-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-grants-policy-support-to-power-4-gw-battery-capex-by-fiscal-2028-says-crisil-2\/","title":{"rendered":"Govt grants, policy support to power 4 GW battery capex by fiscal 2028, says CRISIL"},"content":{"rendered":"<p>Tailwinds from government grants in the form of viability gap funding (VGF) for battery storage systems and other favourable policy announcements should lead to ~4 gigawatt (GW) of battery storage capacity by fiscal 2028, said a report by CRISIL Ratings. Another driver of this, it added, will be improvement in return on capital (returns) profile of standalone storage projects by 300-400 basis points (bps) to 12-13 per cent, bumped up by grants and an on-year fall of ~20 per cent in battery prices. <\/p>\n<p>Renewable capacity (solar and wind) has grown to ~120 GW as of December 2023 from ~70 GW as of December 2019, propelled by government thrust and strong investor interest.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tailwinds from government grants in the form of viability gap funding (VGF) for battery storage systems and other favourable policy announcements should lead to ~4 gigawatt (GW) of battery storage capacity by fiscal 2028, said a report by CRISIL Ratings. Another driver of this, it added, will be improvement in return on capital (returns) profile of standalone storage projects by 300-400 basis points (bps) to 12-13 per cent, bumped up by grants and an on-year fall of ~20 per cent in battery prices. Renewable capacity (solar and wind) has grown to ~120 GW as of December 2023 from ~70 GW [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-634626","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/634626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=634626"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/634626\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=634626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=634626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=634626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}