The Gujarat Urja Vikas Nigam (GUVNL) has amended its Phase IV Standalone Battery Energy Storage Systems tender by providing Viability Gap Funding (VGF) support and augmenting the capacity to 500 MW/1000 MWh. The initial tender was issued for 400 MW/800 MWh with a greenshoe option of 400 MW/800 MWh. In the updated tender, the VGF for each developer is capped at ₹2.7 million (~$32,114)/MWh or 30% of the project’s capital cost, whichever is lower.