Try GOLD - Free
Energy storage sector to expand fivefold: IESA
The Business Guardian
|April 21, 2025
According to an estimate by industry body India Energy Storage Alliance (IESA), India's energy storage sector will expand fivefold between 2026 and 2032, receiving about Rs 479 thousand crore in investment by 2032.
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 MWh of Battery Energy Storage Systems by 2030-31.
Solar Energy Corporation of India Ltd. (SECI), NTPC, SJVN, and states like Gujarat, Uttar Pradesh, and Madhya Pradesh have announced various tenders for standalone energy storage systems, dispatchable renewable energy, and peak power solutions.
This story is from the April 21, 2025 edition of The Business Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business Guardian
The Business Guardian
Two held with illegal cigarette consignment worth Rs 12.5 lakh in Delhi
The crime branch has busted a racket supplying cigarettes without the mandatory pictorial health warnings and arrested two men with a consignment worth around Rs 12.5 lakh, an official said on Wednesday.
1 min
September 18, 2025
The Business Guardian
Taiwan's GDP per capita tops Korea's, driven by TSMC and the AI boom
Yeh Chun-hsien, head of the National Development Council (NDC), on Wednesday attributed Taiwan>s forecast lead over South Korea in gross domestic product (GDP) per capita in 2025 to the success of Taiwan Semiconductor Manufacturing Co. (TSMC) and a boom in artificial intelligence applications, as per a report by Focus Taiwan.
2 mins
September 18, 2025
The Business Guardian
SBI divests of 13.18% stake in Yes Bank to Japan’s SMBC
State Bank of India (SBI) on Wednesday announced the successful completion of the divestment of a 13.18% (approximately) stake in Yes Bank Limited (YBL) to Sumitomo Mitsui Banking Corporation (SMBC), the state-owned lender said in astatement.
1 mins
September 18, 2025
The Business Guardian
FINALITY DEFERRED — WHY ENFORCEMENT AGENCY REMAINS THE ACHILLES’ HEEL OF INDIA’S ARBITRATION REGIME
Arbitration in India was meant to the justice on fast forward: nimble, discreet, final.
5 mins
September 18, 2025
The Business Guardian
NHAI may raise Rs 40,000 crore in FY26, above Rs 30,000 crore target: ICRA
Rating agency ICRA projects road monetisation at Rs. 35,000-40,000 crore in FY26 if the assets identified by the National Highways Authority of India (NHAI) are monetised in a timely manner.
1 mins
September 18, 2025
The Business Guardian
India’s exports likely to grow 6 per cent this year: Goyal
Union Commerce Minister Piyush Goyal on Wednesday expressed confidence that India’s exports would grow by around 6 per cent this year compared to the corresponding period in 2024.
1 mins
September 18, 2025
The Business Guardian
GST CUT TO 5% WILL MAKE RENEWABLES CHEAPER
India has cut GST on renewable energy equipment from 12% to 5%, making clean energy projects more affordable and accessible.
2 mins
September 18, 2025
The Business Guardian
SBI sells 13.18% stake in Yes Bank to Japan’s SMBC
State Bank of India (SBI) on Wednesday announced the successful completion of the divestment of a 13.18% (approximately) stake in Yes Bank Limited (YBL) to Sumitomo Mitsui Banking Corporation (SMBC), the state-owned lender said in a statement.
2 mins
September 18, 2025
The Business Guardian
EU lays out new tariffs and sanctions on Israel over war in Gaza
The European Union laid out Wednesday its toughest plan yet to pressure Israel to end the war in Gaza as Palestinians fled en masse from Israeli tanks, drones and troops pushing deeper into the coastal enclave ravaged by 23 months of war.
2 mins
September 18, 2025
The Business Guardian
Next-Gen GST reform: A boon for the Indian economy
The Government of India has taken the ‘Next-Gen GST reform’ under the able leadership of Prime Minister Narendra Modi, which is a path-breaking decision to condense the goods and services tax slabs and reduce and eliminate the tax rates on various products.
6 mins
September 18, 2025
Listen
Translate
Change font size