While the ESO was mandated by the MoP, the ministry recently issued an advisory notice on co-locating ESS with solar power projects, advising all renewable energy implementing agencies and state utilities to integrate two-hour ESS, equivalent to 10 per cent of installed solar capacity, in all solar tenders.
The future outlook for energy storage in India remains optimistic, given increased policy support, growing investments and technological advancements. An SBICAPS report estimates that the PSP market will grow fourfold to 19 GW by FY 2031-32, complementing BESS expansion to 42 GW.
India’s energy transition requires energy storage infrastructure to integrate renewable energy sources efficiently.
The policy mandates PSP completion within seven years and supports both on-river and off-river projects to balance grid fluctuations caused by intermittent renewable energy sources. In December 2024, Meghalaya issued its power policy, aiming to promote renewable energy development, with a significant focus on expanding hydro and PSP capacity.
Our standardized photovoltaic power generation and energy storage products are engineered for reliability, safety, and efficient deployment. All systems include comprehensive monitoring and control systems with remote management capabilities.
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Latest developments in photovoltaic technology, energy storage advancements, PV products, and industry insights from our team of renewable energy experts.
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