Note: Required spread for a two-hour battery project assuming revenues cover project costs of €360,000/MWh in 2024, for previous years assumes BNEF''s Europe energy storage system
Search English हिन्दी भारत सरकार GOVERNMENT OF INDIA नवीन एवं नवीकरणीय ऊर्जा मंत्रालय MINISTRY OF NEW AND RENEWABLE ENERGY Home About
Feedback Visitor Summary Website Policies Contact Us Help Web Information Manager Terms and Conditions Content Owned by MINISTRY OF NEW AND RENEWABLE
This price rationalisation is expected to lead to the realization of sustainable IRR for projects, which should ideally reduce the currently high cancellation rate of tenders and improve lender
India''s energy storage sector has taken significant strides in the past few years, backed by government incentives such as the approval of Viability Gap Funding for 13,200
In the last one month, many tenders for energy storage systems have been successfully closed. Here''s a list of key tenders won in the last few weeks, their size and the companies that bagged them.
This report covers the following energy storage technologies: lithium-ion batteries, lead–acid batteries, pumped-storage hydropower, compressed-air energy storage, redox flow batteries,
The development of adequate energy storage projects remains important to integrate the growing share of RE with the grid, given their intermittent generation. ICRA expects the energy storage capacity requirement
Regulatory approval has been granted in India for what is claimed to be the country''s first commercial standalone battery storage project.
In the past three months multiple BESS (Battery-based Energy Storage system) tender results have pointed to yet another mini-disruption in the fast-evolving Indian renewable energy sector. Energy storage targets for 2028
In what is described as the largest energy storage procurement in China''s history, Power Construction Corporation of China (PowerChina) is targeting an unprecedented
India''s drive for renewables has accelerated the need for storage, but there are many factors to success, writes Charith Konda of IEEFA.
Energy storage targets for 2028 might be a lot closer in 2026 itself. The price drops have been attributed primarily to falling lithium cell costs, which have led to lower storage costs that are now cascading across the
Leading industry body IESA (India Energy Storage Alliance) projects that India''s energy storage sector is poised to expand fivefold between 2026 and 2032. The industry is expected to attract Rs 479000 crore in
Reliance Industries Ltd. (RIL) is preparing to launch operations at its much-anticipated battery Gigafactory in Jamnagar, Gujarat, by the second half of 2026. This significant project, spearheaded by RIL Chairman Mukesh
New Delhi | 08 May 2024 — In a significant step forward for India''s energy transition, the Delhi Electricity Regulatory Commission (DERC) has granted regulatory approval of India''s first commercial standalone Battery Energy
These projects, often hybrid with energy storage, can help meet demand reliably. Agencies, along with railways, have completed auctions for nearly 14 GW of such
The energy storage industry is currently facing multiple challenges that developers need to consider when planning for successful energy storage deployments.
There were a record number of tenders issued for standalone energy storage systems, adding up to 6.1GW, a report by the Institute of Energy Economics and Financial Analysis (IEEFA) in April 2025 said.
Lessons Learned from Emerging Economies The Supercharging Battery Storage Initiative would like to thank all authors and organizations for their submissions to support this publication. This
Standalone Energy Storage Systems (ESS) are rapidly emerging as a key market, with 6.1 gigawatts of tenders issued in the first quarter of 2025 alone, accounting for 64% of the total
India''s National Thermal Power Corporation has launched a tender for 1,200MW of solar PV with 600MW/2,400MWh of energy storage systems.
The Central Electricity Authority (CEA), under the Ministry of Power, Government of India, has concurred Detailed Project Reports (DPRs) of following 6 Hydro Pumped Storage Projects (PSPs) of about 7.5 GW in record
Energy Storage System Roadmap for India 2019-32 Energy Storage System (ESS) is fast emerging as an essential part of the evolving clean energy systems of the 21st century. Energy
India''s renewable energy capacity is projected to hit 250 GW by March 2026, fueled by a robust project pipeline and increased tendering activity. This growth will be driven
India will add 1.8 GWh of BESS in 2025. Battery Energy Storage System sector to grow over 375 times the current capacity by FY 2032.
Industry Overview India is deeply committed to its transition away from traditional fossil fuels and building its non fossil fuel capacity to at least 500 GW by 2030. The country''s cumulative
India is at a crucial juncture in its energy transition journey, with ambitious targets of achieving 500 GW of non-fossil energy capacity by 2030, expanding renewable energy, reducing carbon
The VGF, combined with energy storage obligations and bidding guidelines for energy storage projects—whether standalone or integrated with renewable energy—is expected to advance the country''s energy storage
The GEAPP Leadership Council (GLC) today officially announced the launch of India''s first utility-scale, standalone BESS project.
The share of solar and wind energy in India''s power mix was over 30% as of September 2024. The demand for utility-scale energy storage systems in India is primarily from
India Energy Storage Alliance (IESA) is a leading industry alliance focused on the development of advanced energy storage, green hydrogen, and e-mobility techno
Home Economy India's energy storage sector to expand fivefold between 2026 and 2032, with... Subscribe to our channels on YouTube, Telegram & WhatsApp Support Our Journalism India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting.
Lower prices have seen energy storage installations mimic the global jump (and overachievement) in solar capacity additions as well, which have also been driven by a sharp drop in costs, led by Chinese manufacturers.
Consider the numbers. In July 2024, SECI’s 1200MWh BESS project attracted winning bids at Rs 3.41 per unit. Interestingly, JSW Neo Energy, which won an allocation at Rs 3.42, had won a bid in 2022 at Rs 10.84 per unit effectively.
In 2024, besides the July response at Rs 3.41, even GUVNL managed to attract bids at Rs 3.72 from Gensol, further establishing the sub Rs 3.75 benchmark, widely considered as the new ceiling for bids now. Yes, most of these bids have come in for l ower duration backup of 4 hours, but even that is set to change sooner than expected now.
