AsiaElec: India's renewable energy storage capacity set to surge to 6 GW by 2028: report

India’s renewable energy storage capacity is expected to soar to 6 GW by the fiscal year 2028, up from less than 1 GW operational as of March 2024, according to a report by Crisil Ratings published on August 14. This growth is anticipated due to a strong pipeline of ongoing projects and a healthy pace of upcoming auctions. Expanding storage capacity is vital for sustainably integrating the increasing share of renewable energy into the nation’s power generation mix.

If you’d like to read more about the key events shaping the Asian power sector then please click here for NewsBase's AsiaElec Monitor.