India set to add 30 GW of storage by 2027, outpacing demand forecast

India is projected to add 30 GW of new energy storage capacity by June 2027 through standalone and firm and dispatchable renewable energy (FDRE) projects, according to a recent report by SBI Capital Markets (SBICAPS). This could potentially push total capacity to 36 GW against 24 GW of estimated demand. From pv magazine India SBICAPS said in a new report that India will add 30 GW of energy storage capacity - including battery and pumped storage - through standalone and FDRE projects by June 2027. This would raise the country's total storage capacity to 36 GW, far exceeding the projected demand ...

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