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Policy▲ Bullish for Indian Renewable Energy Development Agency
GEC-III scheme to unlock next growth phase for India renewables sector
The brief
- Union Cabinet approved the GEC-III scheme, earmarking Rs 1.86 lakh crore
- The scheme will develop transmission systems and battery storage
- Transmission and storage investment could benefit Indian renewable-energy and power-transmission companies
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Green Energy Corridor Phase-III
The Union Cabinet approved a ₹1.86 lakh crore green energy corridor and grid upgrade scheme to evacuate up to 135 GW of renewable power. Reports also describe battery storage as part of the plan.
Thursday, 1 October
- GEC-III scheme to unlock next growth phase for India renewables sector