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IFC invests $55M in India's largest battery energy storage project to enhance grid stability in Gujarat.
The International Finance Corporation (IFC) has committed ₹460 crore to IndiGrid to build India's largest standalone battery energy storage system in Gujarat.
This project aims to boost grid stability and ensure reliable power during peak demand, supporting the state's clean energy goals.
Financing includes $38.5 million from IFC and $16.5 million from the Clean Technology Fund.
This initiative is seen as a strategic step towards building clean and resilient infrastructure in India.
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IFC invierte $55M en el mayor proyecto de almacenamiento de energía de batería de la India para mejorar la estabilidad de la red en Gujarat.