India clears Rs 1.86 lakh crore green energy corridor scheme with battery storage
The Union Cabinet approved the Green Energy Corridor Phase-III scheme, allocating ₹1.86 lakh crore to facilitate the evacuation of 135 gigawatts of renewable energy. Of this, ₹1,36,378 crore is for intra-state transmission systems, while ₹50,000 crore is designated for 50 GWh of battery storage. The project aims for completion by FY33 to address transmission bottlenecks in India's power sector.