Energy Storage Among Key Strategies for Renewable Integration in India, Says S&P Global
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India’s new capacity additions to 2050 will be more than 80% from renewable energy sources. These sources have high seasonal and daily variability. Due to the intermittent nature and high seasonality of solar and wind, there is high supply variability. This drives the state and national policies to increase renewable supply, build operational reserves, improve system flexibility, and to create energy storage.
Short-term, the policy focus is on operating pumped storage projects in construction or at late stages of development to create operational reserves. The pipeline for battery energy storage systems is being constructed through competitive tenders. Execution times could vary from 1 to 1.5 years. With more tenders being offered…