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'India set for 12-fold increase in energy storage capacity by FY32'
The Business Guardian
|December 19, 2024
India is poised for a major boost in energy storage capacity, with projections indicating a 12-fold increase to around 60 GW by FY32, according to an SBI report.
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This will surpass the growth anticipated for renewable energy sources themselves. The country's energy storage landscape is evolving rapidly, with the proportion of RE projects incorporating storage solutions increasing significantly, from 5 percent in FY20 to 23 percent in FY24.
By FY32, the share of variable renewable energy (VRE) in power generation is expected to triple, raising concerns about the stability of the grid.
Esta historia es de la edición December 19, 2024 de The Business Guardian.
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