India Approves Massive Subsidy to Boost National Energy Storage Capacity
The Indian government has approved a 145 billion rupee subsidy program, equivalent to $1.5 billion, aimed at constructing 92 gigawatt-hours of energy storage capacity. According to Information and Broadcasting Minister Ashwini Vaishnaw, the financial backing is designed to optimize the utilization of the country's fast-growing renewable energy fleet and transmission infrastructure.
Originally published by Bloomberg Business | By Shruti Srivastava, Rajesh Kumar Singh | 4 November 2026 | Read original: https://www.bloomberg.com/news/articles/2026-11-04/india-approves-1-5-billion-push-for-energy-storage-capacity
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