Key Messages

Solar-plus-storage technology is set for a promising future in India because of rapidly rising electricity demand, ambitious solar targets, higher solar penetration, and falling prices of solar and storage technologies in the nation. As of 31 March 2021, the total power generation capacity in India is 382.15 GW, of which 234.7 GW is thermal and 94.4 GW is renewable energy (RE), with nuclear and hydro accounting for the rest.

What Are the New Market Opportunities for Indian Developers in Solar + Storage Space?