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Essar Group Sees Lower Battery Prices Pushing Green Energy Plans
Hindustan Times Jammu
|January 23, 2025
India's Essar Group is planning to build eight gigawatts of round-the-clock clean power capacity, helped by falling battery prices that should allow faster adoption of energy storage technologies in the country.
It will be the coal and gas firm's first foray into renewables, and will see solar, wind and battery storage built out over five years, according to Prashant Ruia, chairman of Essar Capital Holdings. He spoke to Bloomberg News on the sidelines of the World Economic Forum in Davos, Switzerland.
This story is from the January 23, 2025 edition of Hindustan Times Jammu.
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