Does India s photovoltaic industry need energy storage

Does India need a solar energy storage system?

India’s Ministry of Power has mandated all renewable energy implementing agencies and state utilities must incorporate a minimum of two-hour co-located energy storage systems (ESS), equivalent to 10% of the installed solar project capacity, in future solar tenders. From pv magazine India

Is solar PV a cost-competitive option in India?

As compared to the conventional sources of energy, solar PV when integrated with battery storage is a cost-competitive option. This trend is expected to continue in India. India's commitment to a sustainable energy future is evident through its multifaceted approach to battery energy storage.

Does India need a battery storage system?

At present, to support the country's energy target by 2030 and simultaneously, balance the grid with the rising penetration of renewables in the energy mix, India requires an advanced battery storage ecosystem with over 238 GWh of capacity. However, the viability of the energy storage system ecosystem remains pegged to the capital cost of the BESS.

Is energy storage a viable option in India?

However, the viability of the energy storage system ecosystem remains pegged to the capital cost of the BESS. As compared to the conventional sources of energy, solar PV when integrated with battery storage is a cost-competitive option. This trend is expected to continue in India.

How much energy storage does India need?

The analysis says India will need a massive scale-up of energy storage—from today’s 6 GW to as much as 97 GW by 2032—to make its clean energy transition reliable and affordable. According to the study, India will require 61 GW (218 GWh) of energy storage by 2030 and 97 GW (362 GWh) by 2032. This includes both batteries and pumped hydro.

Will India achieve a 365 GW PV generation capacity by 2023?

According to the National Energy Plan (NEP) 2023, India aims to achieve a PV installed capacity of 186 GW by 2026-2027 and to reach 365 GW by 2032. Such a vast PV generation capacity will require corresponding energy storage systems to maintain grid stability, making storage technology a crucial element in the current energy transition.