India’s accelerating shift toward renewable power will require a far larger build-out of energy storage, transmission and flexible generation than the grid currently has in place, according to a new report. The study estimates the country may need more than ₹4 lakh crore in storage-related investment by FY32 as solar and wind take a bigger share of electricity supply.
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"India May Need Over ₹4 Lakh Crore for Energy Storage by FY32, Report Says"
India’s accelerating shift toward renewable power will require a far larger build-out of energy storage, transmission and flexible generation than the grid currently has in place, according to a new report. The study estimates the country may need more than ₹4 lakh crore in storage-related investment by FY32 as solar and wind take a bigger share of electricity supply.
India May Need Over ₹4 Lakh Crore for Energy Storage by FY32, Report Says
R
RDU Global Wire
Macro Economy & Fiscal Policy Desk
New Delhi, India Just now (07:26 PM IST)•5 min read
India’s accelerating shift toward renewable power will require a far larger build-out of energy storage, transmission and flexible generation than the grid currently has in place, according to a new report. The study estimates the country may need more than ₹4 lakh crore in storage-related investment by FY32 as solar and wind take a bigger share of electricity supply.
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