Mumbai, Nov. 6 -- India's Renewable Energy sector has attracted more than Rs 15 lakh crore in investment over the past decade. Nearly Rs 6 lakh crore had flowed into the sector in just the last two years. Union Cabinet has approved a Rs 14,500 crore Viability Gap Funding (VGF) scheme for the development of 92 GWh of grid-scale energy storage capacity. This includes 30 GWh of Battery Energy Storage Systems (BESS), 60 GWh of Pumped Storage Projects (PSPs) and 2 GWh through new technologies. India had achieved utility-scale solar generation costs of USD 30-35 per MWh (Rs 2,840-Rs 3,313), the lowest in the world. In 2025, India auctioned 15 GW of hybrid renewable energy projects, taking the total auctioned capacity to 64 GW, with both figures r...