Market Report
Report Summary The contribution of Variable Renewable Energy (VRE) in addressing peak demand has shown steady growth, with India experiencing a shift in demand patterns from predominantly high night-time peaks in 2019 to more pronounced daytime peaks by 2024.
Examining the BESS Market Potential for the Commercial & Industrial Consumers in India to aid the Go-to-Market (GTM) for BESS Manufacturers
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The contribution of Variable Renewable Energy (VRE) in addressing peak demand has shown steady growth, with India experiencing a shift in demand patterns from predominantly high nighttime peaks in 2019 to more pronounced daytime peaks by 2024. This adjustment in demand and the increasing influence of VRE, particularly solar energy (the focus of this analysis), is clear between 2019 and 2024 in India. We have analyzed the peak demand and the residual load on a specific day in July of both 2019 and 2024, along with the amount of solar generation on that day, and its role in meeting the peak demand. The peak demand shaving has grown nearly 10 GW in a time-span of 5 years from 2019 to 2024.
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