India

VGF Scheme Expands to Support 30 GWh of New Standalone BESS Development in India

VGF Scheme Expands to Support 30 GWh of New Standalone BESS Development in India In a major policy push to support grid-scale energy storage, the Ministry of Power has approved an expanded Viability Gap Funding (VGF) scheme for 30 GWh of Battery Energy Storage Systems (BESS) on June 10, 2025. This builds upon the previous 2023 scheme that had supported 13.2 GWh, reflecting growing policy momentum to accelerate energy storage infrastructure. Of the newly announced 30 GWh Battery Energy Storage…

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MG Windsor EV : The power behind MG Motor’s Electric leap in India

MG Windsor EV : The power behind MG Motor’s Electric leap in India MG Motors India, a subsidiary of Chinese automaker SAIC Motor Corporation and currently part of a joint venture with JSW Group, has significantly expanded its presence in India’s electric vehicle market over the past three years. The company launched its first electric car in 2020 and has since added many new electric models to its portfolio, contributing to a fourfold increase in EV penetration from FY2023 to FY2025. The rise…

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IOCL Concludes India’s First Green H2 End-User Offtake Auction at US$4.6 per kg

IOCL Concludes India’s First Green H2 End-User Offtake Auction at US$4.6 per kg Indian Oil Corporation Limited (IOCL)’s latest auction in May 2025 has kickstarted end-user offtake requirements-based auctions in the Indian green hydrogen landscape. The one-of-a-kind tender mandates the selected developer to manufacture and supply 10,000 metric tonne per annum (MTPA) of green hydrogen to IOCL Panipat refinery for 25 years at a fixed price discovered under the bidding process. The Solar Energy Corporation of India (SECI) had plans…

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