Viability gap funding (VGF)
ESG & GovernanceA government capital grant that covers part of a project's cost so that it becomes commercially viable for private developers.
India has used VGF for infrastructure partnerships for many years and now uses it for new clean energy technologies. In June 2025, the Ministry of Power announced ₹5,400 crore of VGF for 30 GWh of battery storage, at ₹18 lakh per MWh, paid in stages from financial closure to one year after commissioning. A 2024 scheme of ₹7,453 crore supports 1 GW of offshore wind.
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