IFC Commits ₹460 Crore to IndiGrid for India’s Largest Battery Energy Storage System in Gujarat.

International

In early July 2025, the International Finance Corporation (IFC), part of the World Bank Group, pledged ₹460 crore (approx. US $55 million) to IndiGrid for the development of India’s largest standalone Battery Energy Storage System (BESS) in Gujarat.


      - The ₹460‑crore financing will be raised through non‑convertible debentures instalments, with IFC contributing USD 38.5 million from its own funds and USD 16.5 million via the Clean Technology Fund—a World Bank‑backed initiative aimed at accelerating green energy solutions.

      - The Gujarat BESS project will have a capacity of 180 MW / 360 MWh, making it the country’s largest standalone battery storage system. It is designed to enhance grid stability, manage peak load surges, and mitigate the intermittency of solar and wind power.

      - This initiative aligns with India’s target to achieve 500 GW of non‑fossil fuel electricity generation by 2030, and supports Gujarat’s ambition to reach 100 GW of renewable energy capacity by the same year.

Main Point :-   (i) IndiGrid is India’s first infrastructure investment trust (InvIT) in the power sector, owning transmission and renewable assets worth over ₹31,900 crore (~US $3.7 billion), including 450 MW of operational BESS and 1.15 GW of solar generation capacity.

      (ii) IFC’s investment marks the latest phase of collaboration: since 2023, IFC has extended ~₹3,250 crore (~US $380 million) in debt financing to IndiGrid, reinforcing its mission to drive commercially viable, clean, and inclusive infrastructure.

(iii) IFC’s South Asia Regional Director, Imad N. Fakhoury, highlighted that battery energy storage is essential for diversifying India’s energy mix and ensuring reliable, affordable electricity—especially during peak demand periods—supporting national development and climate targets.
About International Finance Corporation (IFC)

Managing Director (MD) : Makhtar Diop
Headquarters : Washington D.C., USA
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