India's Multi-Front Push to Expand Energy Storage Capability
The Government of India is implementing a comprehensive strategy to enhance the nation's energy storage capacity by 2029-30, targeting a capacity of 60.63 GW. This move includes supporting domestic research and manufacturing, issuing guidelines and waivers for Battery Energy Storage Systems and Pumped Storage Projects, and leveraging Viability Gap Funding for large-scale projects. With the declining cost of combined renewable and storage solutions, there's a significant shift towards such preferred sources among power distributors and consumers.
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