India’s put in battery storage capability reached 219.1 MWh by the tip of March 2024. A current Mercom report predicts that the nation will add 1.6 GWh of standalone battery storage and 9.7 GW of renewed venture with financial savings in 2027.
From pv journal India
India has put in 219.1 MWh/111.7 MW of cumulative battery power storage system (BESS) capability by way of March 2024. Mercom India’s new report, “India’s Energy Storage Landscape,” says that 120 MWh /40 MW of this capability was added within the first quarter of 2024.
According to the report, PV methods mixed with battery power storage methods account for 90.6% of the entire put in capability of BESS.
Mercom particulars the standing of power storage installations in India and highlights the highest states for growing power storage capability. It covers tariff tendencies, the pipeline and put in capability of standalone BESS initiatives, renewable power plus BESS, and pumped storage.
The report states that the fast improve in intermittent renewable power sources equivalent to photo voltaic and wind can have a big impression on grid stability. As of March 2024, photo voltaic and wind accounted for 28.9% of the nation’s electrical energy capability. To guarantee environment friendly renewable integration and grid stability, coverage measures equivalent to deviation settlement mechanisms, grid connectivity laws, and ancillary providers laws have been issued, driving the demand for utility-scale power storage.
The viability hole funding (VGF) program goals to put in 4 GWh of BESS, supported by a funds of INR 37.6 billion ($452 million). The VGF, along with power storage obligations and bidding pointers for power storage initiatives, with or with out renewable power, has elevated the pipeline of power storage initiatives within the nation.
“India is an rising marketplace for power storage, within the early levels of growth. Despite the fast progress of renewable power, power storage is lagging, which can result in within the discount and lack of flexibility of the grid. The urgency seen within the renewable power initiatives is misplaced. To obtain the objectives of the power transition and handle the exponential improve in renewable power, of the federal government to retailer power to keep away from the problems confronted by different international locations with growing intermittent energy however inadequate storage capability,” mentioned Raj Prabhu, CEO of Mercom Capital Group.
The report states that Chhattisgarh leads in BESS installations, accounting for 54.8% of the cumulative put in capability.
According to Central Electricity Authority (CEA) knowledge, India’s pumped hydro storage capability in operation will attain 3.3 GW by March 2024. Almost 76% of this capability is in Telangana and West Bengal.
As of March 2024, 1.6 GWh/1 GW of standalone BESS, 9.7 GW of renewable power initiatives plus power storage, and 78.1 GW of pumped hydro initiatives are in varied levels of growth, with 60 GW below survey and investigation and 18.1 GW below growth. .
Rajasthan has the best standalone BESS capability below growth, pushed by favorable provisions within the state’s renewable power coverage and annual power conservation obligations by fiscal 2030.
To meet the necessity for environment friendly use of power from renewable sources, authorities businesses issued tenders totaling 57 GW and auctioned 11.5 GW of power storage initiatives final 12 months. March 2024. 2024.
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