Daily News Wrap-Up: The Role of VGF and LCOS in India’s BESS Transition
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February 10, 2026
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Bid prices in the battery energy storage system (BESS) market are declining sharply, driven by viability gap funding (VGF) support and intense competition. While VGF has reduced upfront project costs, it has also spurred aggressive bidding that may not fully reflect the actual levelized cost of storage (LCOS), which represents the true lifecycle cost of storage assets.
Mercom Staff
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