India RE Navigator
Department of Heavy Industries has issued guidelines for selection of companies for providing production volume-linked incentive for manufacturing of advanced chemistry cell battery storage equipment.
| Summary | Selection through competitive bidding process based on manufacturing capacity and amount of subsidy sought (INR/ kWh). |
| Target | Set up cumulative 50 GWh for ACCs and 5 GWh for Niche ACC technologies battery manufacturing capacity by March 2024 |
| Budget | INR 181 billion (USD 2.5 billion) for disbursement between FY 2025 and FY 2029 |
| Eligibility | ACC technologies: Specific density of more than 50 Wh/ kg |
| Niche ACC technologies: Specific density and/ or battery life exceeding specified levels for ACC technologies | |
| Key conditions | Minimum 25% domestic value addition; |
| Minimum 5 GWh manufacturing capacity for ACC technologies; 0.5 GWh for niche ACC technologies; | |
| Maximum capacity of 20 GWh per company; | |
| Minimum investment of INR 2.25 billion/ GWh (USD 30 million/ GWh); | |
| Subsidy disbursement to start after commencement of production; | |
| Minimum domestic value addition of 60% within 5 years; | |
| Subsidy disbursement | Subsidy would be disbursed every quarter on the basis of bid amount, domestic value addition and actual sales subject to a maximum of 20% of revenue. |
Final
9 June 2021
Ongoing