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Report Summary Examining power generation of renewable energy, policy support, investment opportunity & development track in India
India’s Renewable Power Generation: Driving Sustainable Energy Transformation
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The Ministry of Power (MoP) has mandated that all Renewable Energy Implementing Agencies (REIAs) and state utilities incorporate a minimum two-hour co-located energy storage system (ESS), equivalent to 10% of the installed solar capacity, in all solar tenders. The advisory also suggests that distribution licensees consider mandating two-hour storage for rooftop solar installations. If these requirements are fully implemented, approximately 14 GW/28 GWh of storage is expected to be installed by 2030. This move aims to address intermittency issues and provide essential support during peak demand hours.
The ESS mandate is crucial for enhancing grid stability and reliability by ensuring that energy generated during periods of low demand can be stored and used when solar power generation is low. The storage system can function in a single-cycle mode, charging with solar power and discharging during evening hours, or in a double-cycle mode, charging from the grid during low-demand hours and discharging during peak hours, alongside solar energy use. The Ministry’s proposal aims to help India achieve its goal of 500 GW of renewable energy capacity by 2030, while mitigating the intermittency challenges associated with renewable energy projects.
As of December 2024, the installed ESS capacity stands at 4.86 GW, including 4.75 GW of pumped storage and 0.11 GW of battery energy storage projects. The Central Electricity Authority's National Electricity Plan indicates that India will need 73.93 GW/411.4 GWh of storage to integrate the targeted 364 GW of solar and 121 GW of wind capacity by 2032. To support this, the Ministry of New and Renewable Energy has proposed a bidding trajectory of 50 GW annually for REIAs from 2024 to 2028, which includes at least 10 GW of wind tenders. Several standalone energy storage tenders have already been issued by REIAs and state agencies in recent months. - TOC
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