India, July 3 -- To further strengthen India's renewable energy infrastructure, IFC and IndiGrid [BSE: 540565|NSE: INDIGRID] have partnered to develop a 180 MW/360 MWh standalone battery energy storage system project in Gujarat. The project is designed to play a key role in supporting the state's clean energy goals by enhancing grid stability and ensuring reliable power is available during peak demand.IFC committed INR4.6 billion (c.$55 million) in long-term financing to IndiGrid through a subscription to listed non-convertible debentures, with c.$38.5 million from IFC's own account and c.$16.5 million in concessional support from the Clean Technology Fund (CTF), one of the multi-donor trust funds under the World Bank-hosted Climate Investm...